Central Garden & Pet Company (CENT)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,189,090 | 1,187,960 | 1,187,500 | 1,212,050 | 1,186,650 | 1,186,240 | 1,185,840 | 1,185,460 | 1,185,060 | 1,184,680 | 1,183,590 | 978,887 | 788,921 | 693,956 | 693,915 | 693,622 | 693,329 | 693,037 | 692,948 | 692,646 |
| Total assets | US$ in thousands | 3,422,330 | 3,378,650 | 3,419,950 | 3,350,800 | 3,229,070 | 3,282,000 | 3,345,930 | 3,349,260 | 3,118,040 | 3,116,680 | 3,123,500 | 2,847,100 | 2,446,100 | 2,339,360 | 2,263,970 | 2,167,410 | 2,135,160 | 2,025,020 | 2,064,920 | 2,046,140 |
| Debt-to-assets ratio | 0.35 | 0.35 | 0.35 | 0.36 | 0.37 | 0.36 | 0.35 | 0.35 | 0.38 | 0.38 | 0.38 | 0.34 | 0.32 | 0.30 | 0.31 | 0.32 | 0.32 | 0.34 | 0.34 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,189,090K ÷ $3,422,330K
= 0.35
The debt-to-assets ratio for Central Garden & Pet Company has been relatively stable over the past two years, hovering around 0.35 to 0.38. This ratio indicates that the company's total debt as a proportion of its total assets is within a manageable range. A lower ratio suggests that the company relies less on debt financing to fund its operations and investments, which could be viewed positively by creditors and investors. Additionally, the company's ability to maintain a consistent debt-to-assets ratio may reflect prudent financial management and a strong balance sheet position. Further monitoring of this ratio will be important to assess any potential shifts in the company's capital structure and financial health.
Peer comparison
Dec 31, 2023