Catalent Inc (CTLT)
Debt-to-equity 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 1,649,300 |
| 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 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,604,000K
= 0.00
Based on the data provided, Catalent Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past several quarters. A debt-to-equity ratio of 0.00 indicates that the company has either no debt or negligible debt in comparison to its equity. This suggests that Catalent Inc is primarily funded through equity, which can be seen as a positive indicator of financial stability and lower financial risk.
Having a low or zero debt-to-equity ratio can imply that the company is relying more on internal sources of funding, such as retained earnings or equity financing, rather than taking on external debt. This can be advantageous as it reduces the company's interest expenses, lowers financial leverage, and potentially signals to investors that the company is in a strong financial position.
However, it is important to note that a zero debt-to-equity ratio may also limit the company's ability to leverage debt for potential growth opportunities or tax benefits. Nonetheless, considering the consistent zero debt-to-equity ratio for Catalent Inc, it appears that the company is managing its capital structure in a prudent and conservative manner.
Peer comparison
Jun 30, 2024