Enersys (ENS)
Debt-to-assets ratio
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 801,965 | 880,833 | 949,934 | 907,768 | 1,041,990 | 1,105,120 | 1,295,830 | 1,376,690 | 1,243,000 | 1,191,470 | 1,075,990 | 1,020,420 | 969,618 | 1,054,190 | 1,039,210 | 1,080,510 | 1,104,730 | 1,088,250 | 1,117,820 | 978,632 |
| Total assets | US$ in thousands | 3,466,010 | 3,502,640 | 3,492,990 | 3,480,980 | 3,616,670 | 3,567,870 | 3,624,160 | 3,721,910 | 3,736,650 | 3,591,400 | 3,517,450 | 3,472,440 | 3,462,800 | 3,475,230 | 3,333,220 | 3,284,740 | 3,301,700 | 3,341,430 | 3,290,810 | 3,182,420 |
| Debt-to-assets ratio | 0.23 | 0.25 | 0.27 | 0.26 | 0.29 | 0.31 | 0.36 | 0.37 | 0.33 | 0.33 | 0.31 | 0.29 | 0.28 | 0.30 | 0.31 | 0.33 | 0.33 | 0.33 | 0.34 | 0.31 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $801,965K ÷ $3,466,010K
= 0.23
The debt-to-assets ratio of Enersys has shown fluctuations over the past several quarters. The ratio measures the extent to which the company's assets are financed by debt. A lower ratio indicates a lower level of financial leverage and lower risk.
The trend in Enersys' debt-to-assets ratio has been somewhat volatile. It decreased from 0.34 in September 2019 to 0.23 in March 2024. This downward trend indicates that the company has been reducing its reliance on debt to finance its assets over time.
However, it's important to note that the ratio has fluctuated around an average level of approximately 0.30 over the periods analyzed. This may suggest that Enersys is maintaining a relatively stable balance between debt and assets in its capital structure.
Overall, the decreasing trend in the debt-to-assets ratio from September 2019 to March 2024 indicates a potentially positive shift towards a more conservative capital structure, with a lower reliance on debt financing.
Peer comparison
Mar 31, 2024