Enersys (ENS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,753,640 | 1,726,530 | 1,659,990 | 1,679,770 | 1,600,280 | 1,527,760 | 1,410,940 | 1,435,080 | 1,489,370 | 1,504,120 | 1,570,020 | 1,563,600 | 1,539,760 | 1,527,560 | 1,431,390 | 1,361,630 | 1,300,520 | 1,366,100 | 1,315,480 | 1,292,930 |
| Debt-to-capital ratio | 0.31 | 0.34 | 0.36 | 0.35 | 0.39 | 0.42 | 0.48 | 0.49 | 0.45 | 0.44 | 0.41 | 0.39 | 0.39 | 0.41 | 0.42 | 0.44 | 0.46 | 0.44 | 0.46 | 0.43 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $801,965K ÷ ($801,965K + $1,753,640K)
= 0.31
The debt-to-capital ratio of Enersys has shown fluctuations over the past several quarters. The ratio has ranged between 0.31 and 0.49 during the period from 2024 to 2019.
In recent quarters, the ratio has decreased from 0.39 in March 2023 to 0.31 in March 2024, indicating a lower level of debt relative to the company's capital structure. This suggests that Enersys has been able to reduce its reliance on debt financing or strengthen its capital base.
Overall, Enersys has maintained a moderate level of debt in relation to its total capital, with the ratio generally hovering around the mid-30s to high-40s range. It is important for investors and lenders to monitor this ratio closely to assess the company's financial leverage and risk profile.
Peer comparison
Mar 31, 2024