Church & Dwight Company Inc (CHD)

Solvency ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Debt-to-assets ratio	0.25	0.25	0.25	0.26	0.26	0.28	0.26	0.27	0.31	0.25	0.25	0.20	0.20	0.16	0.21	0.25	0.24	0.26	0.26	0.24
Debt-to-capital ratio	0.34	0.34	0.34	0.35	0.36	0.37	0.36	0.38	0.43	0.36	0.37	0.32	0.33	0.26	0.31	0.36	0.38	0.36	0.38	0.39
Debt-to-equity ratio	0.51	0.53	0.51	0.54	0.57	0.59	0.56	0.60	0.74	0.57	0.59	0.47	0.50	0.35	0.45	0.56	0.60	0.56	0.60	0.64
Financial leverage ratio	2.04	2.07	2.04	2.09	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

Church & Dwight Company Inc's solvency ratios show a relatively stable financial position over the years. The Debt-to-assets ratio has hovered around 0.25, indicating that the company finances its assets primarily through equity rather than debt. The Debt-to-capital ratio has shown a declining trend, dropping from 0.38 in December 2020 to 0.34 by December 2024, implying a decreasing reliance on debt in its capital structure. The Debt-to-equity ratio has also decreased over the years, indicating improved financial stability with a lower proportion of debt compared to equity.

The Financial leverage ratio has shown a gradual decrease from 2.66 in March 2020 to 2.04 by December 2024, reflecting a reduction in financial risk and leverage within the company. Overall, these solvency ratios suggest that Church & Dwight Company Inc has maintained a solid financial footing and has effectively managed its debt levels to support its growth and operations.

Coverage ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Interest coverage	8.96	8.08	11.10	10.18	9.72	5.81	5.97	6.17	6.84	13.55	16.51	18.63	19.93	19.82	19.16	17.45	16.96	15.99	14.05	12.76

Based on the provided data, Church & Dwight Company Inc's interest coverage ratio has shown a generally positive trend from March 31, 2020, to June 30, 2021, with the ratio steadily increasing from 12.76 to 19.16. This indicates the company's ability to cover its interest expenses with operating earnings improved over this period.

However, starting from September 30, 2021, the interest coverage ratio began to decline. By December 31, 2022, the ratio dropped significantly to 6.84 before slightly recovering in the following quarters.

The decreasing trend in the interest coverage ratio raises concerns about the company's ability to comfortably meet its interest obligations from operating income. Investors and creditors may monitor this ratio closely as a declining trend could indicate increased financial risk and potential challenges in servicing debt obligations. Further analysis of the company's financial position and operational performance may be necessary to understand the reasons behind the fluctuations in the interest coverage ratio.