ELF Beauty Inc (ELF)

Financial leverage ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Total assets	US$ in thousands	—	1,129,250	595,601	494,632	487,393
Total stockholders’ equity	US$ in thousands	—	642,572	411,017	312,429	269,646
Financial leverage ratio		—	1.76	1.45	1.58	1.81

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —

The financial leverage ratio of ELF Beauty Inc has shown a decreasing trend over the years, starting at 1.81 on March 31, 2021, and gradually declining to 1.58 on March 31, 2022, and further to 1.45 on March 31, 2023. This downward trend indicates that the company's reliance on debt to finance its operations has been decreasing, which could be a positive sign for investors and creditors as it implies lower financial risk. However, on March 31, 2024, the ratio increased to 1.76, suggesting a potential reversion to higher leverage. The absence of data for March 31, 2025, prevents a complete analysis of the current leverage position. Overall, ELF Beauty Inc's financial leverage ratio has displayed some volatility, and further monitoring may be necessary to assess its financial risk profile accurately.