Estee Lauder Companies Inc (EL)
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 | 5,314,000 | 5,744,000 | 5,712,000 | 5,342,000 | 5,585,000 | 5,877,000 | 5,902,000 | 5,517,000 | 5,590,000 | 6,150,000 | 6,218,000 | 6,081,000 | 6,057,000 | 5,528,000 | 5,421,000 | 4,452,000 | 3,935,000 | 4,329,000 | 4,574,000 | 4,530,000 |
| 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 ÷ $5,314,000K
= 0.00
The debt-to-equity ratio of Estee Lauder Companies Inc has consistently been recorded as 0.00 for the time period indicated in the table. This indicates that the company has been operating with no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company is not relying on debt to fund its operations and growth, and is instead primarily financed by equity. This can be viewed positively by investors and creditors as it suggests a low risk of financial distress due to excessive debt levels. However, it is important to note that a low or zero debt-to-equity ratio may also imply that the company is not taking advantage of potential leverage to enhance returns.
Peer comparison
Jun 30, 2024