Energizer Holdings Inc (ENR)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,193,000 | 3,213,400 | 3,225,800 | 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 |
| Total assets | US$ in thousands | 4,342,400 | 4,241,400 | 4,286,900 | 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 |
| Debt-to-assets ratio | 0.74 | 0.76 | 0.75 | 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 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,193,000K ÷ $4,342,400K
= 0.74
The debt-to-assets ratio of Energizer Holdings Inc has shown some fluctuations over the past several quarters, ranging from 0.58 to 0.77. Generally, the ratio has been relatively stable around the mid-0.70s range, indicating that the company utilizes debt as a significant source of funding for its operations and investments. This suggests that a significant portion of the company's assets are financed by debt.
A higher debt-to-assets ratio, such as seen in some quarters where the ratio reached 0.77, indicates higher financial leverage and potential risks related to debt repayment obligations. On the other hand, lower ratios, like the one observed in the last quarter of 2019 at 0.58, suggest a lesser reliance on debt financing and potentially lower financial risk.
Overall, it is important for stakeholders to closely monitor changes in the debt-to-assets ratio to assess the company's financial health and risk profile, as higher levels of debt can increase financial risks, especially during challenging economic conditions.
Peer comparison
Sep 30, 2024