Catalent Inc (CTLT)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,542,000 | 3,604,000 | 3,611,000 | 3,687,000 | 3,841,000 | 4,611,000 | 4,703,000 | 4,892,000 | 4,680,000 | 4,775,000 | 4,632,000 | 4,481,000 | 4,021,000 | 3,915,000 | 3,713,200 | 3,455,500 | 3,072,100 | 2,899,000 | 2,187,700 | 1,716,100 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,542,000K
= 0.00
Based on the data provided, it appears that Catalent Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past several periods. A debt-to-equity ratio of 0.00 indicates that the company does not have any long-term debt in relation to its equity, implying that it is primarily funded by equity rather than debt.
This low or zero debt-to-equity ratio can suggest that Catalent Inc has a strong financial position with minimal financial risk associated with high levels of debt. It may indicate that the company has been able to fund its operations and growth primarily through equity financing or retained earnings, rather than relying on debt to finance its activities.
However, it is essential to consider the context of the industry in which Catalent Inc operates and its specific capital structure strategy when interpreting this ratio. Further analysis of the company's overall financial health and performance, along with other financial metrics, would provide a more comprehensive understanding of Catalent Inc's financial situation.
Peer comparison
Sep 30, 2024