Enersys (ENS)
Debt-to-equity ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 801,965 | 1,041,990 | 1,243,000 | 969,618 | 1,104,730 |
| Total stockholders’ equity | US$ in thousands | 1,753,640 | 1,600,280 | 1,489,370 | 1,539,760 | 1,300,520 |
| Debt-to-equity ratio | 0.46 | 0.65 | 0.83 | 0.63 | 0.85 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $801,965K ÷ $1,753,640K
= 0.46
The debt-to-equity ratio of Enersys has exhibited fluctuations over the past five years. As of March 31, 2024, the ratio stood at 0.46, representing a decline from the previous year's level of 0.65. This indicates that the company's reliance on debt funding in comparison to equity has decreased, suggesting a potentially stronger financial position in terms of leverage. The trend observed in the data implies that management may have taken steps to reduce debt levels or increase equity in the capital structure, leading to a more favorable balance between debt and equity financing. It is important to monitor future developments to assess the sustainability and effectiveness of Enersys's capital structure management.
Peer comparison
Mar 31, 2024