Energizer Holdings Inc (ENR)
Financial leverage ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 | 5,449,600 |
| Total stockholders’ equity | US$ in thousands | 210,700 | 130,600 | 355,700 | 309,100 | 543,800 |
| Financial leverage ratio | 21.40 | 35.01 | 14.08 | 18.53 | 10.02 |
September 30, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,509,600K ÷ $210,700K
= 21.40
The financial leverage ratio of Energizer Holdings Inc has exhibited some fluctuations in recent years. In 2023, the ratio stood at 21.40, indicating a decrease from the previous year's 35.01. This suggests a reduction in the company's reliance on debt financing to generate earnings. The ratio was notably higher in 2022 and 2020, signifying increased financial leverage, while it was relatively lower in 2021 and 2019. It is important to further analyze the company's capital structure and debt management policies to gain a comprehensive understanding of the changes in the financial leverage ratio.
Peer comparison
Sep 30, 2023