Energizer Holdings Inc (ENR)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,193,000 | 3,332,100 | 3,499,400 | 3,333,400 | 3,306,900 |
| Total assets | US$ in thousands | 4,342,400 | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 |
| Debt-to-assets ratio | 0.74 | 0.74 | 0.77 | 0.67 | 0.58 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,193,000K ÷ $4,342,400K
= 0.74
Energizer Holdings Inc's debt-to-assets ratio has demonstrated an increasing trend over the past five years, standing at 0.74 in both 2024 and 2023, a slight drop from the peak of 0.77 in 2022. This ratio indicates that approximately 74% of the company's assets are financed by debt. The higher the debt-to-assets ratio, the greater the financial leverage and risk for the company.
The consistent level of around 0.74 in 2023 and 2024 may suggest that the company has maintained a stable balance between debt and assets during these years. However, the comparatively lower ratios in 2021 (0.67) and 2020 (0.58) indicate a more conservative approach to debt financing, with a relatively higher proportion of assets financed through equity.
It is essential for stakeholders to monitor the debt-to-assets ratio continuously to assess the company's financial risk and leverage levels, as significant changes in this ratio can impact the overall financial health and stability of Energizer Holdings Inc.
Peer comparison
Sep 30, 2024