Energizer Holdings Inc (ENR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 135,800 | 123,400 | 191,300 | 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 |
| Debt-to-capital ratio | 0.96 | 0.96 | 0.94 | 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 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,193,000K ÷ ($3,193,000K + $135,800K)
= 0.96
The debt-to-capital ratio of Energizer Holdings Inc has been relatively stable over the past several quarters, ranging from 0.88 to 0.96. This ratio indicates the proportion of the company's capital structure that is financed through debt.
With a ratio consistently above 0.9, Energizer Holdings relies more on debt to finance its operations compared to equity. This may suggest a higher level of financial leverage, which can amplify returns when business is doing well but can also increase financial risk during economic downturns or in times of instability.
Although the ratio has shown some fluctuations, it has generally remained within a narrow range, indicating a consistent approach to maintaining the company's capital structure. Investors and stakeholders may monitor this ratio closely to assess the company's ability to meet its debt obligations and manage its financial risk effectively.
Peer comparison
Sep 30, 2024