Estee Lauder Companies Inc (EL)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 21,677,000 | 23,415,000 | 20,910,000 | 21,971,000 | 17,781,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $21,677,000K
= 0.00
The debt-to-assets ratio of Estee Lauder Companies Inc has consistently been 0.00 for the past five fiscal years, including data from June 30, 2020, to June 30, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests a low risk of financial distress related to debt repayment obligations, as the company's assets are entirely financed by equity. However, it's important to note that having a debt-to-assets ratio of 0.00 may also indicate missed opportunities for leveraging debt as a cost-effective source of capital. Overall, the company's consistent 0.00 debt-to-assets ratio reflects its conservative approach to financial leverage.
Peer comparison
Jun 30, 2024