Church & Dwight Company Inc (CHD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,204,600 | 2,202,200 | 2,599,500 | 1,610,700 | 1,812,500 |
| Total assets | US$ in thousands | 8,883,100 | 8,569,200 | 8,345,600 | 7,996,500 | 7,414,500 |
| Debt-to-assets ratio | 0.25 | 0.26 | 0.31 | 0.20 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,204,600K ÷ $8,883,100K
= 0.25
The debt-to-assets ratio for Church & Dwight Company Inc has shown fluctuations over the past five years. As of December 31, 2020, the ratio was 0.24, indicating that 24% of the company's assets were financed through debt. The ratio decreased to 0.20 by the end of 2021, suggesting a decrease in the company's reliance on debt as a source of funding.
However, by December 31, 2022, the ratio increased to 0.31, reflecting a higher proportion of debt relative to assets. This could indicate increased borrowing or a decrease in asset base during that period. In the following years, the ratio decreased slightly to 0.26 by December 31, 2023, and 0.25 by December 31, 2024, indicating a better balance between debt and assets.
Overall, the trend in Church & Dwight Company Inc's debt-to-assets ratio suggests some variability in the company's capital structure over the years, with a mix of debt and equity financing. It is essential for the company to monitor and manage this ratio to ensure optimal capital utilization and financial stability.
Peer comparison
Dec 31, 2024