Coty Inc (COTY)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	3,841,800	3,902,300	3,682,900	4,095,400	4,178,200	4,225,000	4,014,000	4,312,800	4,409,100	4,316,900	4,878,500	5,250,000	5,401,000	5,182,400	5,139,900	8,134,800	7,892,100	9,172,000	7,233,800	7,453,500
Total assets	US$ in thousands	12,082,500	12,322,200	13,015,700	12,616,900	12,661,600	12,705,500	12,454,600	11,947,900	12,116,100	13,269,100	13,434,000	14,038,400	13,691,400	13,622,300	14,159,800	17,780,100	16,728,800	18,310,000	17,360,900	17,283,500
Debt-to-assets ratio		0.32	0.32	0.28	0.32	0.33	0.33	0.32	0.36	0.36	0.33	0.36	0.37	0.39	0.38	0.36	0.46	0.47	0.50	0.42	0.43

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,841,800K ÷ $12,082,500K
= 0.32

The debt-to-assets ratio of Coty Inc has exhibited fluctuations over the past few quarters. The ratio ranged between 0.28 and 0.50 during this period. In general, a decreasing trend in the ratio indicates a lower level of debt relative to total assets, which can be considered positive for the company's financial health. However, it is noteworthy that the ratio increased from 0.32 in Mar 31, 2024, to 0.36 in Jun 30, 2024, which suggests a slight increase in the proportion of debt to assets in the most recent quarter. Overall, further analysis of the company's financial strategy and risk management practices would be beneficial to assess the implications of the debt-to-assets ratio on Coty Inc's financial position.