Energizer Holdings Inc (ENR)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,342,400 | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 |
| Total stockholders’ equity | US$ in thousands | 135,800 | 210,700 | 130,600 | 355,700 | 309,100 |
| Financial leverage ratio | 31.98 | 21.40 | 35.01 | 14.08 | 18.53 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,342,400K ÷ $135,800K
= 31.98
The financial leverage ratio of Energizer Holdings Inc has exhibited fluctuations over the past five years. The ratio increased from 18.53 in 2020 to 35.01 in 2022, indicating a significant rise in financial leverage during this period. However, in 2023, the ratio decreased to 21.40 before rising again to 31.98 in 2024.
Overall, the trend suggests that the company's financial leverage has been somewhat volatile, with periods of both increases and decreases. A higher financial leverage ratio typically indicates higher financial risk due to increased debt levels, while a lower ratio suggests a lower reliance on debt financing. It is important for stakeholders to monitor changes in the financial leverage ratio to assess the company's risk and financial stability.
Peer comparison
Sep 30, 2024