Energizer Holdings Inc (ENR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 210,700 | 130,600 | 355,700 | 309,100 | 543,800 |
| Debt-to-capital ratio | 0.94 | 0.96 | 0.90 | 0.91 | 0.86 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,332,100K ÷ ($3,332,100K + $210,700K)
= 0.94
The debt-to-capital ratio for Energizer Holdings Inc has fluctuated over the past five years. It was 0.94 in September 2023, 0.96 in September 2022, 0.91 in September 2021, 0.93 in September 2020, and 0.87 in September 2019. The ratio indicates the proportion of the company's capital that is financed by debt. A higher ratio suggests higher financial risk and reliance on debt financing. Despite some fluctuations, the ratio generally indicates that Energizer Holdings Inc has been relying more on debt to finance its operations and growth. This suggests a need to closely monitor the company's ability to service its debt obligations and manage its capital structure effectively.
Peer comparison
Sep 30, 2023