Church & Dwight Company Inc (CHD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,360,800 | 3,855,400 | 3,489,900 | 3,233,200 | 3,020,400 |
| Debt-to-capital ratio | 0.34 | 0.36 | 0.43 | 0.33 | 0.38 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,204,600K ÷ ($2,204,600K + $4,360,800K)
= 0.34
The debt-to-capital ratio for Church & Dwight Company Inc has shown some fluctuations over the past five years. The ratio was 0.38 as of December 31, 2020, indicating that 38% of the company's capital was financed through debt. Over the subsequent years, the ratio decreased to 0.33 by the end of 2021, suggesting a lower reliance on debt for capital financing.
However, there was an increase in the debt-to-capital ratio to 0.43 by December 31, 2022, showing a higher proportion of debt in the company's capital structure. The ratio then decreased to 0.36 by the end of 2023 and further to 0.34 by the end of 2024, indicating a gradual reduction in the company's reliance on debt for financing its operations.
Overall, the trend in the debt-to-capital ratio for Church & Dwight Company Inc suggests some variability in the company's capital structure over the years, with a mix of debt and equity financing being utilized. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial risk and leverage position effectively.
Peer comparison
Dec 31, 2024