Church & Dwight Company Inc (CHD)

Debt-to-capital 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 stockholders’ equity US$ in thousands 3,855,400 4,050,500 3,911,000 3,667,700 3,489,900 3,687,800 3,554,400 3,402,900 3,233,200 3,513,600 3,377,200 3,211,200 3,020,400 3,210,300 2,998,800 2,817,800 2,667,800 2,559,300 2,604,800 2,499,300
Debt-to-capital ratio 0.36 0.37 0.38 0.40 0.43 0.36 0.37 0.32 0.33 0.26 0.31 0.36 0.38 0.36 0.38 0.39 0.40 0.41 0.41 0.38

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 for Church & Dwight Co., Inc. has shown some fluctuations over the past eight quarters. The ratio ranged from 0.37 to 0.44 during this period.

In Q4 2023, the ratio stands at 0.38, indicating that 38% of the company's capital structure is financed through debt. This suggests a relatively moderate level of leverage compared to equity.

The trend in the debt-to-capital ratio shows a slight decrease from Q1 2023 through Q3 2023, before increasing again in Q4 2023. The fluctuations in the ratio may indicate changes in the company's debt levels or capital structure over the quarters.

Overall, Church & Dwight Co., Inc. appears to maintain a reasonable balance between debt and equity financing based on the debt-to-capital ratio analysis. It is important for investors to monitor this ratio along with other financial metrics to assess the company's financial health and risk profile accurately.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Church & Dwight Company Inc
CHD
0.36
Ecolab Inc
ECL
0.00
Procter & Gamble Company
PG
0.33
Stepan Company
SCL
0.25