Church & Dwight Company Inc (CHD)
Debt-to-equity 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-equity ratio | 0.57 | 0.59 | 0.61 | 0.65 | 0.74 | 0.57 | 0.59 | 0.47 | 0.50 | 0.35 | 0.45 | 0.56 | 0.60 | 0.56 | 0.60 | 0.64 | 0.68 | 0.71 | 0.69 | 0.60 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,202,200K ÷ $3,855,400K
= 0.57
The debt-to-equity ratio of Church & Dwight Co., Inc. has shown a fluctuating trend over the past eight quarters, ranging from 0.59 to 0.79. Generally, a lower debt-to-equity ratio indicates lower financial risk and suggests that the company relies more on equity financing rather than debt financing.
In the last four quarters, the debt-to-equity ratio decreased from 0.66 in Q1 2023 to 0.59 in Q3 2023 before slightly increasing to 0.62 in Q4 2023. This downward trend indicates that the company may be reducing its debt levels relative to equity, which can be a positive indicator of financial stability and efficient capital structure management.
Comparing the current ratio to the same quarter in the previous year (Q4 2022), we observe a significant improvement from 0.77 to 0.62, suggesting a positive trend in the company's capital structure. Overall, the decreasing debt-to-equity ratio signals a potential strengthening of Church & Dwight Co., Inc.'s financial position and indicates a reduced reliance on debt for financing its operations.
Peer comparison
Dec 31, 2023