ELF Beauty Inc (ELF)

Debt-to-capital ratio

		Mar 31, 2025	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	—	767,387	727,695	703,590	642,572	614,224	516,428	471,702	411,017	385,304	356,960	333,449	312,429	305,468	294,093	282,622	269,646	264,602	254,653	248,708
Debt-to-capital 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

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 consistently been 0.00% for the periods up to March 31, 2025. This indicates that the company has not had any debt relative to its capital structure during this time frame. A debt-to-capital ratio of 0.00% suggests that ELF Beauty Inc has been financing its operations primarily through equity rather than debt. It indicates a relatively low financial risk and may signify a conservative approach to capital structure management. However, the ratio being 0.00% also raises questions about the company's optimal capital structure and its ability to leverage debt effectively for potential growth opportunities.