ELF Beauty Inc (ELF)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,264,830	1,237,020	1,204,830	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
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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,264,830K
= 0.00

The debt-to-assets ratio for ELF Beauty Inc has consistently been reported as 0.00 from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not utilized any debt financing in relation to its total assets over this period. This suggests that ELF Beauty Inc operates with a primarily equity-based capital structure, which may indicate a lower financial risk as no debt obligations are reflected in the ratio. It also implies that the company's assets are primarily financed through equity, which may provide financial flexibility and stability. Overall, based on the data provided, ELF Beauty Inc has maintained a very low debt-to-assets ratio, indicating a conservative approach to leverage and potentially enhancing its financial position.