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