Energizer Holdings Inc (ENR)
Debt-to-equity 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-equity ratio | 23.51 | 26.04 | 16.86 | 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,193,000K ÷ $135,800K
= 23.51
The debt-to-equity ratio of Energizer Holdings Inc has fluctuated over the past several quarters. As of September 30, 2024, the ratio stood at 23.51, indicating that the company had more debt relative to its equity. This represents an increase from the previous quarter's ratio of 26.04.
Looking back at historical data, we observe that the ratio has shown variability, with peaks and troughs. The highest ratio was recorded on December 31, 2022, at 26.81, while the lowest ratio was noted on March 31, 2020, at 5.76.
The rising trend in the debt-to-equity ratio in recent quarters could signal increased reliance on debt financing by Energizer Holdings Inc. Investors and analysts may want to monitor this ratio closely to assess the company's financial leverage and risk profile. A higher ratio implies higher financial risk, as the company may struggle to meet its debt obligations in adverse economic conditions.
Peer comparison
Sep 30, 2024