ELF Beauty Inc (ELF)

Debt-to-capital ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	—	642,572	411,017	312,429	269,646
Debt-to-capital ratio		—	0.00	0.00	0.00	0.00

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $—K)
= —

The debt-to-capital ratio for ELF Beauty Inc has been consistently at 0.00 from March 31, 2021, to March 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth during these years. However, as of March 31, 2025, the data is unavailable ("\u2014"), so it is not possible to provide a conclusion for that period. Overall, a consistent debt-to-capital ratio of 0.00 suggests that ELF Beauty Inc has been relying more on equity financing rather than debt financing, which may indicate a stronger financial position and less financial risk.