Central Garden & Pet Company A (CENTA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.28 | 2.26 | 2.34 | 2.36 | 2.33 | 2.37 | 2.44 | 2.44 | 2.46 | 2.48 | 2.59 | 2.54 | 2.55 | 2.52 | 2.45 | 2.25 | 2.17 | 2.14 | 2.18 | 2.19 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,553,440K ÷ $1,555,650K
= 2.28
Central Garden & Pet Company A's financial leverage ratio has shown some fluctuations over the past several quarters, ranging from a low of 2.14 to a high of 2.59. The ratio indicates that, on average, the company finances its operations with about 2.3 times more debt than equity.
Although the ratio has been relatively stable around the 2.3 mark in recent quarters, there was a noticeable increase in leverage towards the end of the period, with the ratio peaking at 2.59 in the first quarter of 2022. This suggests that the company may have taken on additional debt during that period to finance growth, acquisitions, or other strategic initiatives.
Overall, it is important to monitor Central Garden & Pet Company A's financial leverage ratio over time to assess its ability to meet its debt obligations and the potential risks associated with its capital structure. It would be beneficial for stakeholders to delve deeper into the reasons behind the changes in leverage to evaluate the company's financial health and risk profile effectively.
Peer comparison
Sep 30, 2024