ELF Beauty Inc (ELF)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 0.00 |
| 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 |
| Financial leverage ratio | 1.65 | 1.70 | 1.71 | 1.76 | 1.80 | 1.45 | 1.39 | 1.45 | 1.44 | 1.52 | 1.54 | 1.58 | 1.61 | 1.68 | 1.76 | 1.81 | 1.82 | 1.86 | 1.86 | 1.87 |
ELF Beauty Inc's solvency ratios indicate a consistently strong financial position with minimal debt levels and a stable capital structure over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 across the periods from March 2020 to December 2024. This suggests that the company has financed its assets predominantly through equity rather than debt.
The Financial leverage ratio, which provides an indication of the company's financial risk, has been gradually decreasing from 1.87 in March 2020 to 1.65 in December 2024. A decreasing trend in the financial leverage ratio signifies a reduction in the company's reliance on debt to finance its operations and indicates a stronger equity base.
Overall, ELF Beauty Inc's solvency ratios demonstrate a robust financial position with minimal debt obligations and a well-balanced capital structure, reflecting a low risk of financial distress and a healthy financial position for the company.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 33.04 | 294.44 | 320.53 | 340.18 | 388.65 | 361.06 | 289.34 | 180.75 | 169.71 | 128.59 | 105.34 | 75.56 | 136.06 | 110.22 | 76.36 | 38.52 | 43.03 | 63.63 | 84.79 | 94.48 |
The interest coverage ratio of ELF Beauty Inc has fluctuated over the years based on the provided data. The interest coverage ratio measures the company's ability to meet its interest obligations on outstanding debt. A higher ratio indicates a greater ability to cover interest payments.
From March 2020 to December 2022, the interest coverage ratio generally showed an increasing trend, indicating that ELF Beauty Inc was increasingly capable of covering its interest expenses with its operating income. The ratio peaked at 388.65 in December 2023, signaling a strong ability to service its debt obligations.
However, a significant drop in the interest coverage ratio was observed in the following periods, particularly from March 2024 to December 2024. This decline could indicate a potential strain on the company's ability to cover interest payments with its operating income, raising concerns about its financial health.
To comprehensively assess ELF Beauty Inc's financial stability, it is recommended to analyze other key financial ratios and metrics alongside the interest coverage ratio to gain a holistic understanding of the company's solvency and profitability. Furthermore, monitoring any significant changes in the interest coverage ratio in future periods is crucial to identifying and addressing any potential financial risks the company may face.