Central Garden & Pet Company A (CENTA)
Debt-to-assets 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 assets | US$ in thousands | 3,553,440 | 3,607,880 | 3,540,020 | 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 |
| Debt-to-assets ratio | 0.33 | 0.33 | 0.34 | 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 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,189,810K ÷ $3,553,440K
= 0.33
The debt-to-assets ratio of Central Garden & Pet Company A has shown some fluctuations over the past few periods. The ratio has ranged from 0.30 to 0.38, indicating the proportion of the company's assets financed by debt.
On average, the company's debt-to-assets ratio has been around 0.34 to 0.36, with some variations above and below this range. This suggests that approximately 34% to 36% of Central Garden & Pet Company A's assets are funded by debt.
It is worth noting that the ratio has been relatively stable over the periods analyzed, with only slight movements. This implies that the company has maintained a consistent level of reliance on debt to finance its operations and investments.
Overall, Central Garden & Pet Company A's debt-to-assets ratio indicates a moderate level of leverage, which the company has managed within a relatively steady range in recent periods.
Peer comparison
Sep 30, 2024