Energizer Holdings Inc (ENR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 170,600 | 210,700 | 166,900 | 148,400 | 130,800 | 130,600 | 499,700 | 461,300 | 409,400 | 355,700 | 340,600 | 344,400 | 329,600 | 309,100 | 329,600 | 373,700 | 587,500 | 543,800 | 570,700 | 645,300 |
| Debt-to-capital ratio | 0.95 | 0.94 | 0.95 | 0.96 | 0.96 | 0.96 | 0.88 | 0.89 | 0.89 | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.89 | 0.85 | 0.86 | 0.86 | 0.85 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,303,300K ÷ ($3,303,300K + $170,600K)
= 0.95
The debt-to-capital ratio for Energizer Holdings Inc has been relatively stable over the past eight quarters, ranging from 0.88 to 0.96. This ratio indicates the proportion of the company's capital that is funded by debt.
With the ratio hovering around 0.95 in the most recent quarters, it suggests that the company relies heavily on debt financing to fund its operations and investments. This level of debt can pose a higher financial risk for the company, as a higher ratio indicates a greater proportion of debt in the capital structure.
It is important for stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively. The consistency of the ratio over the quarters suggests that the company has maintained a relatively stable debt-to-capital structure during this period. However, further analysis is recommended to understand the underlying reasons behind the consistent ratio and assess the company's overall financial health.
Peer comparison
Dec 31, 2023