Estee Lauder Companies Inc (EL)
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 | 5,314,000 | 5,585,000 | 5,590,000 | 6,057,000 | 3,935,000 |
| 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 ÷ $5,314,000K
= 0.00
The debt-to-equity ratio of Estee Lauder Companies Inc has been consistently reported as 0.00 for the past five years, spanning from June 30, 2020, to June 30, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 implies that the company relies solely on equity financing, which may signify a strong financial position and a low level of financial risk. However, it is important to note that a debt-to-equity ratio of 0.00 may also suggest that the company is not taking advantage of potentially beneficial debt financing opportunities that could enhance its growth or profitability.
Peer comparison
Jun 30, 2024