Central Garden & Pet Company (CENT)
Debt-to-capital ratio
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,189,810 | 1,189,370 | 1,188,960 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,555,650 | 1,593,650 | 1,510,790 | 1,451,890 | 1,451,350 | 1,445,530 | 1,371,090 | 1,322,850 | 1,333,710 | 1,351,020 | 1,293,090 | 1,228,230 | 1,222,250 | 1,240,360 | 1,160,570 | 1,086,590 | 1,076,800 | 1,059,420 | 993,013 | 973,124 |
| Debt-to-capital ratio | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.45 | 0.47 | 0.47 | 0.47 | 0.47 | 0.48 | 0.49 | 0.49 | 0.49 | 0.46 | 0.42 | 0.39 | 0.40 | 0.41 | 0.42 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,189,810K ÷ ($1,189,810K + $1,555,650K)
= 0.43
The debt-to-capital ratio of Central Garden & Pet Company has shown a fluctuating trend over the past few quarters. The ratio has ranged from 0.39 to 0.49, with the most recent value as of September 30, 2024, standing at 0.43. This indicates that, on average, approximately 43% of the company's capital structure is financed through debt.
The trend suggests that the company has been managing its debt levels relative to its capital base, but it is important to note that higher debt-to-capital ratios can indicate higher financial risk and leverage.
Further analysis and comparison with industry benchmarks could provide more insights into how Central Garden & Pet Company's debt levels are positioned relative to its peers and within the industry. Additionally, monitoring this ratio over time can help assess the company's ability to handle debt obligations and its overall financial health.
Peer comparison
Sep 30, 2024