Energizer Holdings Inc (ENR)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,332,100 | 3,499,400 | 3,333,400 | 3,306,900 | 3,461,600 |
| Total assets | US$ in thousands | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 | 5,449,600 |
| Debt-to-assets ratio | 0.74 | 0.77 | 0.67 | 0.58 | 0.64 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,332,100K ÷ $4,509,600K
= 0.74
The debt-to-assets ratio for Energizer Holdings Inc has shown some fluctuation over the past five years. In 2023, the ratio stood at 0.74, exhibiting a slight decrease from the previous year's 0.77. This suggests that the company's total debt as a proportion of its total assets has improved slightly. However, when compared to 2021 and 2020, the ratio is higher, indicating a relatively higher level of debt in 2023. It's worth noting that this ratio has experienced some variability over the years, with a peak in 2019 at 0.64 and a low in 2021 at 0.69. Overall, a lower debt-to-assets ratio implies lower financial risk and a higher degree of solvency, whereas a higher ratio may indicate greater financial leverage and risk.
Peer comparison
Sep 30, 2023