Central Garden & Pet Company A (CENTA)

Solvency ratios

	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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	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	0.34	0.34	0.34
Debt-to-capital ratio	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	0.41	0.40	0.41
Debt-to-equity ratio	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	0.70	0.67	0.69
Financial leverage ratio	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	2.03	2.00	2.05

Central Garden & Pet Company A's solvency ratios indicate its ability to meet its long-term financial obligations. The company's debt-to-assets ratio has remained relatively stable around 0.35 to 0.38 over the past few quarters, suggesting that around 35% to 38% of its assets are financed by debt.

The debt-to-capital ratio, which considers debt relative to total capital (debt plus equity), has also remained steady between 0.45 and 0.49, indicating that debt constitutes around 45% to 49% of the company's total capital structure.

The debt-to-equity ratio, showing the proportion of debt relative to equity, has fluctuated between 0.82 and 0.97, with the company being more leveraged towards debt compared to equity. This ratio peaked at 0.97, indicating that at one point, the company had almost as much debt as equity in its capital structure.

The financial leverage ratio, measuring the company's overall debt levels compared to its equity, has varied from 2.14 to 2.59, with the higher values suggesting greater financial leverage.

Overall, Central Garden & Pet Company A's solvency ratios indicate a consistent reliance on debt financing, with some fluctuations in leverage levels over the quarters. Investors and stakeholders may want to monitor these ratios closely to assess the company's ability to manage its debt obligations in the long term.

Coverage ratios

	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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	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	3.80	3.85	3.68

Central Garden & Pet Company A's interest coverage ratio has shown some fluctuations over the past five years. The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt with its earnings before interest and taxes (EBIT). A higher ratio indicates a better ability to cover interest expenses.

Based on the data provided, Central Garden & Pet Company A's interest coverage ratio has remained relatively stable, with a range between 3.53 and 4.89. The company's interest coverage ratio in the most recent period of December 31, 2023, was 4.04, indicating that the company generated earnings over four times the amount needed to cover its interest expenses. This suggests a healthy ability to meet its interest obligations.

Overall, Central Garden & Pet Company A's interest coverage ratio demonstrates a consistent performance in managing its interest expenses over the past five years. It is important for investors and creditors to monitor this ratio to assess the company's financial health and ability to service its debt obligations.