ELF Beauty Inc (ELF)
Debt-to-equity 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 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 | 242,171 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $767,387K
= 0.00
Based on the provided data for ELF Beauty Inc, the debt-to-equity ratio has consistently been 0.00 from March 31, 2020, to December 31, 2024. This implies that the company has not utilized any debt to finance its operations during this period, resulting in a debt-free capital structure.
A debt-to-equity ratio of 0.00 indicates that the company's total liabilities are equal to zero or negligible compared to its shareholders' equity. This situation may suggest a conservative financial approach, as the company is not relying on external borrowing to fund its operations, expansion, or investments. Furthermore, having no debt implies that ELF Beauty Inc is not subject to the financial risks associated with debt obligations, such as high interest payments, refinancing risks, or potential default in case of financial distress.
It is important to note that while a low or zero debt-to-equity ratio can indicate financial stability and independence, it may also signal underutilization of leverage opportunities that could potentially enhance returns for shareholders. Investors and stakeholders should consider the company's overall financial strategy and objectives when interpreting the significance of a consistently low debt-to-equity ratio over time.
Peer comparison
Dec 31, 2024