Enersys (ENS)
Debt-to-equity 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-equity ratio | 0.46 | 0.51 | 0.57 | 0.54 | 0.65 | 0.72 | 0.92 | 0.96 | 0.83 | 0.79 | 0.69 | 0.65 | 0.63 | 0.69 | 0.73 | 0.79 | 0.85 | 0.80 | 0.85 | 0.76 |
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 shown some fluctuations over the past few quarters. The ratio has ranged from 0.46 to 0.96, indicating varying levels of debt relative to equity during this period.
From March 31, 2020, to September 30, 2022, the ratio generally increased, reaching a peak of 0.96 on June 30, 2022. This upward trend suggests that the company may have been taking on more debt compared to equity during this period.
However, from September 30, 2022, to March 31, 2024, the ratio showed a decreasing trend, with some fluctuations. The ratio ranged from 0.46 to 0.65 during this period, indicating a potential decrease in the company's reliance on debt relative to equity.
Overall, the debt-to-equity ratio of Enersys has exhibited some volatility, but the recent decreasing trend may suggest a shift towards a more balanced capital structure with potentially lower leverage compared to the earlier periods. Evaluating the company's capital structure and debt management strategies in conjunction with other financial metrics would provide a more comprehensive understanding of its financial health and performance.
Peer comparison
Mar 31, 2024