Broadridge Financial Solutions Inc (BR)

Debt-to-capital ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	3,355,100	3,513,900	3,652,900	3,682,000	2,234,700	4,076,600	4,105,400	4,064,200	3,793,000	4,167,000	4,156,600	4,165,900	3,887,600	1,737,700	1,770,600	1,776,100	1,387,600	1,679,900	1,449,300	1,368,800
Total stockholders’ equity	US$ in thousands	2,168,200	2,267,200	2,067,600	2,112,700	2,240,600	1,998,900	1,786,600	1,903,700	1,919,100	1,821,000	1,748,100	1,753,800	1,809,100	1,589,300	1,434,000	1,413,800	1,346,500	1,202,500	1,125,400	1,143,400
Debt-to-capital ratio		0.61	0.61	0.64	0.64	0.50	0.67	0.70	0.68	0.66	0.70	0.70	0.70	0.68	0.52	0.55	0.56	0.51	0.58	0.56	0.54

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,355,100K ÷ ($3,355,100K + $2,168,200K)
= 0.61

The debt-to-capital ratio of Broadridge Financial Solutions Inc has shown some fluctuations over the past few quarters. As of June 30, 2024, the ratio stands at 0.61, which indicates that approximately 61% of the company's capital structure is financed through debt. This ratio has remained relatively stable around the range of 0.50 to 0.70 over the last few periods.

A debt-to-capital ratio of 0.61 suggests that Broadridge Financial Solutions Inc relies more on debt financing compared to equity financing for its operations and expansion activities. It is important for investors and creditors to monitor changes in this ratio as it can signal the company's financial leverage and risk exposure. Overall, the company's debt-to-capital ratio indicates a moderate level of debt in its capital structure, which should be considered alongside other financial metrics for a comprehensive analysis of its financial health.