Central Garden & Pet Company A (CENTA)

Solvency ratios

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
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
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
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
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

Based on the data provided, Central Garden & Pet Company A's solvency ratios have been relatively stable over the past few years. The company's debt-to-assets ratio has ranged between 0.30 and 0.38, indicating that around 30% to 38% of its total assets have been financed by debt.

Similarly, the debt-to-capital ratio has fluctuated between 0.39 and 0.49, reflecting the proportion of debt in the company's capital structure, which has generally been in the range of 39% to 49%.

The debt-to-equity ratio has shown some variability, ranging from 0.64 to 0.97, demonstrating the extent to which the company's operations are funded by debt compared to equity. This ratio has been notably high at times, reaching up to 0.97, indicating a higher reliance on debt financing.

The financial leverage ratio, which indicates the company's overall leverage or indebtedness, has fluctuated between 2.14 and 2.59. This suggests that for every dollar of equity, the company has between $2.14 and $2.59 of total assets, showcasing varying levels of financial risk.

In general, these solvency ratios suggest that Central Garden & Pet Company A has maintained a moderate level of leverage, with some fluctuations in recent periods. It is essential for the company to continue monitoring and managing its debt levels to ensure long-term financial stability and sustainability.

Coverage ratios

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
Interest coverage 3.45 4.28 4.38 4.04 3.84 3.72 3.53 4.02 4.41 4.37 4.44 4.80 4.31 4.89 4.81 4.05 4.47 4.22 3.63 3.61

Central Garden & Pet Company A's interest coverage ratio has shown a generally positive trend over the past two years. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its operating income.

From December 2019 to September 2024, the interest coverage ratio has fluctuated between 3.45 and 4.80, indicating that the company has been able to cover its interest expenses between 3.45 and 4.80 times with its operating income. This suggests that Central Garden & Pet Company A has a healthy ability to meet its interest obligations.

The recent trend in interest coverage ratios has been on the higher side, with values consistently above 4. This indicates that the company has been generating sufficient operating income to comfortably cover its interest payments. A higher interest coverage ratio is typically viewed positively by investors and creditors as it signifies a lower risk of default due to insufficient earnings.

Overall, Central Garden & Pet Company A's interest coverage ratios demonstrate a positive financial health in terms of its ability to manage its interest expenses with its operating income.