Church & Dwight Company Inc (CHD)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,202,200 | 2,401,500 | 2,400,900 | 2,400,100 | 2,599,500 | 2,104,400 | 2,103,900 | 1,611,200 | 1,610,700 | 1,214,800 | 1,513,800 | 1,813,100 | 1,812,500 | 1,811,900 | 1,811,400 | 1,810,800 | 1,810,200 | 1,809,600 | 1,809,000 | 1,509,400 |
| Total assets | US$ in thousands | 8,569,200 | 8,702,200 | 8,511,000 | 8,266,600 | 8,345,600 | 8,287,800 | 8,444,800 | 7,941,200 | 7,996,500 | 7,382,000 | 7,368,500 | 7,380,900 | 7,414,500 | 7,077,000 | 6,919,000 | 7,485,900 | 6,657,400 | 6,610,100 | 6,662,600 | 5,960,600 |
| Debt-to-assets ratio | 0.26 | 0.28 | 0.28 | 0.29 | 0.31 | 0.25 | 0.25 | 0.20 | 0.20 | 0.16 | 0.21 | 0.25 | 0.24 | 0.26 | 0.26 | 0.24 | 0.27 | 0.27 | 0.27 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,202,200K ÷ $8,569,200K
= 0.26
The debt-to-assets ratio of Church & Dwight Co., Inc. has remained relatively stable in the range of 0.28 to 0.33 over the past eight quarters. This ratio indicates that a significant portion of the company's assets is financed through debt. A lower debt-to-assets ratio generally indicates lower financial risk as it suggests that the company relies less on debt financing. However, the ratios of Church & Dwight Co., Inc. are within a reasonable range and do not raise immediate concerns about the company's solvency or financial stability. It suggests that the company has a balanced mix of debt and equity in its capital structure. The consistent level of around 0.28 to 0.33 may indicate that the company has a prudent approach to managing its debt levels and maintaining a healthy balance sheet. Overall, the debt-to-assets ratio analysis suggests that Church & Dwight Co., Inc. has managed its debt and asset levels responsibly.
Peer comparison
Dec 31, 2023