Estee Lauder Companies Inc (EL)
Debt-to-capital 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 | 5,314,000 | 5,585,000 | 5,590,000 | 6,057,000 | 3,935,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,314,000K)
= 0.00
The debt-to-capital ratio of Estee Lauder Companies Inc has consistently remained at 0.00 for the past five years, from June 30, 2020, to June 30, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely sourced from equity, and there is no long-term debt present in its financial structure. This may indicate a conservative approach to financing, as the company is not relying on debt to fund its operations or expansion activities. It also suggests a strong financial position with a lower risk of financial distress related to debt obligations.
Peer comparison
Jun 30, 2024