Energizer Holdings Inc (ENR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,423,900 | 4,509,600 | 4,505,100 | 4,436,000 | 4,577,900 | 4,572,100 | 5,182,600 | 5,159,900 | 5,109,900 | 5,007,500 | 4,977,400 | 4,937,600 | 4,929,100 | 5,728,300 | 5,126,500 | 4,752,500 | 5,566,800 | 5,449,600 | 5,577,700 | 5,642,300 |
| 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 |
| Financial leverage ratio | 25.93 | 21.40 | 26.99 | 29.89 | 35.00 | 35.01 | 10.37 | 11.19 | 12.48 | 14.08 | 14.61 | 14.34 | 14.95 | 18.53 | 15.55 | 12.72 | 9.48 | 10.02 | 9.77 | 8.74 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,423,900K ÷ $170,600K
= 25.93
The financial leverage ratio of Energizer Holdings Inc has shown fluctuations in recent quarters. In Q1 2024, the financial leverage ratio increased to 25.93, compared to 21.40 in Q4 2023. This suggests that the company's reliance on debt to finance its operations has increased during this period. However, it is important to note that the ratio is still lower than the levels observed in Q1 and Q4 2023, when it was 35.00 and 35.01, respectively.
Looking back further, we observe a downward trend in the financial leverage ratio from Q3 2022 to Q4 2022, when it dropped significantly from 26.99 to 10.37. This indicates a reduction in the company's debt compared to its equity during that period. Subsequently, the ratio increased in Q1 and Q2 2022, reaching 11.19 in Q2.
Overall, the analysis of Energizer Holdings Inc's financial leverage ratio suggests that the company has experienced fluctuations in its debt levels relative to equity over the quarters under review. It is important for stakeholders to monitor these trends to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023