Church & Dwight Company Inc (CHD)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,202,200 | 2,599,500 | 1,610,700 | 1,812,500 | 1,810,200 |
| Total stockholders’ equity | US$ in thousands | 3,855,400 | 3,489,900 | 3,233,200 | 3,020,400 | 2,667,800 |
| Debt-to-capital ratio | 0.36 | 0.43 | 0.33 | 0.38 | 0.40 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,202,200K ÷ ($2,202,200K + $3,855,400K)
= 0.36
The debt-to-capital ratio of Church & Dwight Co., Inc. has shown a declining trend over the past five years, decreasing from 0.44 in 2019 to 0.38 in 2023. This indicates that the company has been reducing its reliance on debt financing in relation to its total capital structure. A lower debt-to-capital ratio is generally viewed positively by investors and lenders as it suggests a lower financial risk and higher solvency for the company. Overall, Church & Dwight Co., Inc. has been effectively managing its debt levels in comparison to its total capital over the years.
Peer comparison
Dec 31, 2023