Catalent Inc (CTLT)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,604,000 | 4,611,000 | 4,775,000 | 3,915,000 | 2,899,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,604,000K
= 0.00
The debt-to-equity ratio of Catalent Inc has consistently been reported as 0.00 for the past five years, including as of June 30, 2024. This indicates that the company has no debt on its balance sheet relative to its equity. A debt-to-equity ratio of 0.00 can signify that the company is primarily financed by equity rather than debt. This may suggest strength in the company's financial position as it does not have a significant reliance on debt to fund its operations or expansion. However, it is important to note that a very low or zero debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages. Overall, further analysis of the company's capital structure and financial strategy would be necessary to fully understand the implications of this consistent ratio over time.
Peer comparison
Jun 30, 2024