Energizer Holdings Inc (ENR)
Debt-to-equity 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-equity ratio | 19.36 | 15.81 | 20.23 | 23.01 | 26.81 | 26.79 | 7.09 | 7.79 | 8.11 | 9.37 | 9.85 | 9.73 | 10.15 | 10.70 | 9.87 | 8.06 | 5.76 | 6.37 | 6.12 | 5.51 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,303,300K ÷ $170,600K
= 19.36
Energizer Holdings Inc's debt-to-equity ratio has fluctuated over the recent quarters. As of Q1 2024, the ratio stands at 19.45, indicating that the company has more debt relative to its equity. This represents an increase from the previous quarter (Q4 2023) where the ratio was 15.91.
Looking back, in earlier quarters such as Q1 and Q2 of 2023, the company had higher debt-to-equity ratios of 26.90 and 23.11, respectively. However, there was a notable decline in Q3 and Q4 of 2023 where the ratio dropped to 20.34 and 15.91, respectively.
Comparing to the same period a year ago, in Q1 and Q2 of 2022, Energizer Holdings had lower debt-to-equity ratios of 26.94 and 7.24, respectively. The gradual increase in the ratio over the quarters indicates a shift towards a higher reliance on debt to finance its operations.
Overall, the trend in Energizer Holdings Inc's debt-to-equity ratio suggests a fluctuating capital structure, with varying levels of debt relative to equity in recent quarters. Investors and stakeholders may need to monitor this ratio closely to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023