Church & Dwight Company Inc (CHD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,569,200 | 8,702,200 | 8,511,000 | 8,266,600 | 8,345,600 | 8,287,800 | 8,444,800 | 7,941,200 | 7,996,500 | 7,382,000 | 7,368,500 | 7,380,900 | 7,414,500 | 7,077,000 | 6,919,000 | 7,485,900 | 6,657,400 | 6,610,100 | 6,662,600 | 5,960,600 |
| 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 |
| Financial leverage ratio | 2.22 | 2.15 | 2.18 | 2.25 | 2.39 | 2.25 | 2.38 | 2.33 | 2.47 | 2.10 | 2.18 | 2.30 | 2.45 | 2.20 | 2.31 | 2.66 | 2.50 | 2.58 | 2.56 | 2.38 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,569,200K ÷ $3,855,400K
= 2.22
The financial leverage ratio of Church & Dwight Co., Inc. has shown variations over the past eight quarters. The company's financial leverage ratio ranged from 2.15 to 2.39 during this period.
A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing to support its assets. A higher financial leverage ratio suggests higher financial risk due to increased debt obligations.
The downward trend in the financial leverage ratio from Q4 2022 to Q3 2023 indicates that the company may have reduced its leverage and reliance on debt financing. This could be a positive sign as it indicates lower financial risk and potential for higher financial stability.
It is important for investors and stakeholders to monitor the financial leverage ratio of Church & Dwight Co., Inc. closely to assess its financial health and risk profile, particularly in relation to the company's ability to meet its debt obligations and maintain sustainable growth.
Peer comparison
Dec 31, 2023