Energizer Holdings Inc (ENR)

Solvency ratios

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
Debt-to-assets ratio 0.74 0.76 0.75 0.75 0.74 0.75 0.77 0.77 0.77 0.68 0.70 0.65 0.67 0.67 0.68 0.68 0.58 0.63 0.63 0.61
Debt-to-capital ratio 0.96 0.96 0.94 0.95 0.94 0.95 0.96 0.96 0.96 0.88 0.89 0.89 0.90 0.91 0.91 0.91 0.91 0.91 0.89 0.85
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
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

Energizer Holdings Inc's solvency ratios indicate the extent of the company's reliance on debt to finance its operations and the ability to meet its financial obligations.

The debt-to-assets ratio has been relatively stable around 0.74 to 0.77 over the past few quarters, suggesting that a significant portion of the company's assets is funded by debt.

The debt-to-capital ratio has also remained relatively consistent, ranging from 0.94 to 0.96, indicating that debt accounts for about 94% to 96% of the company's capital structure.

The debt-to-equity ratio shows a varying trend, with values fluctuating between 15.81 to 26.81. This ratio indicates the proportion of the company's financing that comes from debt relative to equity. The higher values in recent quarters suggest an increased reliance on debt financing.

The financial leverage ratio, which reflects the company's total assets compared to equity, shows a similar fluctuating trend, ranging from 21.40 to 35.01. Higher values indicate a higher level of financial leverage, implying higher financial risk.

Overall, these ratios demonstrate Energizer Holdings Inc's ongoing reliance on debt to support its operations and investments, leading to a higher level of financial leverage and potentially increased financial risk in the long run.

Coverage ratios

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
Interest coverage 1.35 1.11 1.70 1.74 2.04 -0.90 -0.77 -0.95 -0.93 2.48 2.23 1.95 1.95 1.26 1.33 0.82 0.68 1.19 1.03 1.19

The interest coverage ratio for Energizer Holdings Inc fluctuated over the past few years, ranging from negative values to positive values. The ratio indicates the company's ability to meet its interest expenses with its operating income. A higher interest coverage ratio is generally considered more favorable as it suggests that the company is more capable of servicing its debt obligations.

In analyzing the trend, we observe that the ratio was negative in the first quarter of 2023, indicating that the company's operating income was not sufficient to cover its interest expenses at that time. However, the ratio improved in subsequent quarters, reaching a peak of 2.48 in the third quarter of 2022.

Overall, the interest coverage ratio for Energizer Holdings Inc has shown some variability, with both positive and negative values recorded. It may be important for stakeholders to monitor this ratio closely to assess the company's ability to manage its debt and interest obligations effectively.