ELF Beauty Inc (ELF)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,129,250 | 595,601 | 494,632 | 487,393 | 453,104 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,129,250K
= 0.00
Based on the data provided, ELF Beauty Inc has maintained a consistent debt-to-assets ratio of 0.00 over the past five years, from March 31, 2020, to March 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during this period. This suggests that ELF Beauty Inc has been funding its operations and investments primarily through equity or retained earnings rather than relying on borrowed funds. A debt-to-assets ratio of 0.00 is typically considered favorable as it signifies a lower financial risk and indicates a strong financial position with minimal debt obligations. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Mar 31, 2024