ELF Beauty Inc (ELF)
Solvency ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | 1.76 | 1.45 | 1.58 | 1.81 |
ELF Beauty Inc exhibits strong solvency based on its solvency ratios analysis. The Debt-to-assets ratio has consistently been at 0.00 from March 31, 2021, to March 31, 2024, indicating the company has no debt relative to its assets during these periods. However, there is no data available for March 31, 2025.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also been at 0.00 across the same periods, suggesting ELF Beauty Inc has no significant debt in relation to its capital or equity.
The Financial leverage ratio, on the other hand, shows values of 1.81 in March 31, 2021, which decreases to 1.58 in 2022, then further decreases to 1.45 in 2023, and slightly increases to 1.76 in 2024. This ratio indicates that the company has been moderately leveraged, but the decreasing trend from 2021 to 2023 shows an improvement in the financial leverage position over time.
Overall, based on the solvency ratios analysis, ELF Beauty Inc appears to have a strong financial position with low debt levels and moderate financial leverage.
Coverage ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | — | 13.36 | 18.58 | 13.04 | 2.14 |
Based on the provided data, the interest coverage ratio of ELF Beauty Inc has shown an improving trend over the years. In March 2021, the interest coverage ratio was 2.14, indicating that the company could cover its interest payments 2.14 times using its operating income.
Subsequently, the interest coverage ratio increased significantly to 13.04 in March 2022, showing a considerable improvement in the company's ability to cover its interest expenses. This positive trend continued in the following years, with the interest coverage ratios reaching 18.58, 13.36, and— in March 2023, March 2024, and March 2025, respectively.
The upward trend in the interest coverage ratio signifies that ELF Beauty Inc has been generating sufficient operating income to comfortably meet its interest obligations. This improvement indicates a strengthening financial position and reduced risk of default due to interest payment constraints. Overall, the increasing interest coverage ratios suggest improved financial health and stability for ELF Beauty Inc.