Energizer Holdings Inc (ENR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,342,400 | 4,241,400 | 4,286,900 | 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 |
| 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 |
| Financial leverage ratio | 31.98 | 34.37 | 22.41 | 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 |
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 shown fluctuations over the past several quarters. The ratio indicates the extent to which the company relies on debt to finance its operations and growth.
From December 2019 to September 2020, the financial leverage ratio ranged between 9.48 and 18.53, suggesting moderate leverage during this period. However, starting from March 2021, there was an upward trend in the ratio, peaking at 35.01 in September 2022 and December 2022, indicating a significant increase in the company's reliance on debt.
Subsequently, there was a decrease in the financial leverage ratio, reaching a low of 10.37 in June 2022 before gradually increasing again to 34.37 in June 2024. The recent ratio as of September 2024 stands at 31.98, signifying a lower but still considerable reliance on debt for financing.
Overall, the fluctuating trend in the financial leverage ratio of Energizer Holdings Inc indicates varying degrees of debt utilization in its capital structure over the analyzed periods. Investors and stakeholders may monitor this ratio closely to assess the company's financial risk and stability.
Peer comparison
Sep 30, 2024