Central Garden & Pet Company A (CENTA)
Debt-to-equity 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-equity ratio | 0.76 | 0.75 | 0.79 | 0.82 | 0.82 | 0.82 | 0.88 | 0.90 | 0.89 | 0.88 | 0.92 | 0.96 | 0.97 | 0.95 | 0.84 | 0.73 | 0.64 | 0.65 | 0.70 | 0.71 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,189,810K ÷ $1,555,650K
= 0.76
The debt-to-equity ratio of Central Garden & Pet Company A has shown fluctuation over the past several quarters. As of September 30, 2024, the ratio stands at 0.76. This indicates that for every dollar of equity, the company has approximately $0.76 in debt.
Looking at the trend over the past few quarters, the ratio has been relatively stable within a range, with some slight fluctuations. From December 31, 2021, to March 31, 2022, there was a noticeable increase in the ratio from 0.96 to 0.92, suggesting a higher reliance on debt during that period.
Overall, the company has maintained a moderate level of debt compared to equity, which can indicate a balanced capital structure. Investors and creditors typically use the debt-to-equity ratio as a measure of a company's financial leverage and risk. Central Garden & Pet Company A's trend in this ratio suggests a degree of stability in its financial structure, although it is important to monitor any significant shifts in the ratio that could impact the company's financial health.
Peer comparison
Sep 30, 2024