Hasbro on track to reach targeted leverage; balance sheet is strong

By Devika Patel

Knoxville, Tenn., Oct. 19 – Hasbro, Inc. has sufficient balance sheet strength to meet fourth-quarter demand and is on track to de-lever the balance sheet to its targeted debt to EBITDA leverage ratio range of 2x to 2.5x by next year.

“Our balance sheet remains strong and is well positioned to meet demand in the fourth quarter,” executive vice president and chief financial officer Deborah M. Thomas said on the company’s third quarter ended Sept. 25 earnings conference call on Tuesday.

“We remain committed to de-levering our balance sheet, maintaining our investment grade rating and are on track to meet our debt to EBITDA target of 2x to 2.5x next year,” she said.

The toy and game company is based in Pawtucket, R.I.

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