ELF Beauty Inc (ELF)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.76 | 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 | 1.88 | 1.89 | 1.96 |
ELF Beauty Inc has consistently maintained a low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 throughout the provided period, indicating that the company has not relied heavily on debt to finance its operations.
The financial leverage ratio, however, has shown some fluctuations over the periods, ranging from 1.39 to 1.86. This ratio peaked at 1.96 in the last quarter of 2019 and has since decreased, with some variability, to 1.76 in the most recent quarter ending March 31, 2024.
Overall, ELF Beauty Inc has demonstrated a relatively conservative approach to leverage and has maintained a stable and healthy solvency position across the analyzed periods.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 26.19 | 4.37 | 1.75 |
The interest coverage ratio for ELF Beauty Inc has exhibited significant fluctuations over the past few quarters. In the most recent quarter ending March 31, 2024, the interest coverage ratio stood at a high of 340.18, indicating the company's ability to cover its interest expenses by over 340 times. This suggests a strong financial position and ability to meet its interest obligations comfortably.
Looking back over the past few quarters, we observe a general trend of improving interest coverage ratios from the end of 2020 through the first quarter of 2024. This trend indicates that ELF Beauty Inc has been progressively strengthening its ability to cover interest expenses.
However, it is important to note that there were lower interest coverage ratios in some quarters, such as in the fourth quarter of 2020 and the first quarter of 2021, where the ratios were significantly lower. This may raise concerns about the company's ability to cover interest expenses during those periods.
Overall, the trend of increasing interest coverage ratios is positive and suggests that ELF Beauty Inc has been managing its financial obligations effectively. It is essential for investors and analysts to continue monitoring this ratio to ensure the company's long-term financial health and sustainability.