ELF Beauty Inc (ELF)

Debt-to-assets ratio

		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	Jun 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,129,250	1,108,280	746,936	657,881	595,601	555,925	542,141	513,857	494,632	490,950	493,012	498,392	487,393	480,905	473,424	462,068	453,104	456,251	437,027	435,981
Debt-to-assets 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

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,129,250K
= 0.00

The debt-to-assets ratio for ELF Beauty Inc has consistently remained at 0.00 over the past several quarters, indicating that the company has not utilized debt to finance its operations or investments. A debt-to-assets ratio of 0.00 signifies that the company's total liabilities are effectively non-existent in relation to its total assets.

This can be viewed positively by both investors and creditors, as it suggests that ELF Beauty Inc may have a strong financial position with a low level of financial risk associated with debt. However, it's important to note that having no debt may limit the company's ability to leverage financing for potential growth opportunities or strategic investments in the future.

Overall, a consistent debt-to-assets ratio of 0.00 reflects ELF Beauty Inc's conservative approach towards capital structure and financial management, potentially indicating a focus on maintaining a strong balance sheet position.