Energizer Holdings Inc (ENR)
Debt-to-assets ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,303,300 | 3,332,100 | 3,377,000 | 3,414,600 | 3,506,600 | 3,499,400 | 3,544,600 | 3,592,600 | 3,318,300 | 3,333,400 | 3,355,600 | 3,352,200 | 3,345,000 | 3,306,900 | 3,252,500 | 3,010,600 | 3,383,600 | 3,461,600 | 3,493,200 | 3,557,100 |
| Total assets | US$ in thousands | 4,423,900 | 4,509,600 | 4,505,100 | 4,436,000 | 4,577,900 | 4,572,100 | 5,182,600 | 5,159,900 | 5,109,900 | 5,007,500 | 4,977,400 | 4,937,600 | 4,929,100 | 5,728,300 | 5,126,500 | 4,752,500 | 5,566,800 | 5,449,600 | 5,577,700 | 5,642,300 |
| Debt-to-assets ratio | 0.75 | 0.74 | 0.75 | 0.77 | 0.77 | 0.77 | 0.68 | 0.70 | 0.65 | 0.67 | 0.67 | 0.68 | 0.68 | 0.58 | 0.63 | 0.63 | 0.61 | 0.64 | 0.63 | 0.63 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,303,300K ÷ $4,423,900K
= 0.75
The debt-to-assets ratio of Energizer Holdings Inc has shown relative stability over the past eight quarters, ranging from 0.70 to 0.77. The ratio measures the proportion of the company's assets financed by debt, indicating the level of financial leverage.
With an average ratio of approximately 0.74 during this period, Energizer Holdings Inc relies on debt to finance about 74% of its assets on average. This suggests that the company has a moderate level of debt relative to its asset base.
The slight fluctuations in the ratio from quarter to quarter indicate some variance in the company's debt management and asset composition. Overall, a ratio around 0.74 indicates a balanced approach to leveraging debt to support asset growth and operations.
Peer comparison
Dec 31, 2023