Enerpac Tool Group Corp (EPAC)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 189,503 | 210,337 | 200,000 | 175,000 | 255,000 |
| Total assets | US$ in thousands | 777,328 | 762,597 | 757,312 | 820,247 | 824,294 |
| Debt-to-assets ratio | 0.24 | 0.28 | 0.26 | 0.21 | 0.31 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $189,503K ÷ $777,328K
= 0.24
The debt-to-assets ratio of Enerpac Tool Group Corp has shown some fluctuations over the past five years. In 2024, the ratio decreased to 0.24 from 0.28 in 2023. This indicates that the company had less debt in proportion to its total assets in 2024 compared to the previous year.
Looking further back, the ratio was at 0.26 in 2022, slightly lower than 2023 but higher than 2024. In comparison, the ratio was at 0.21 in 2021, showing a decrease in debt relative to assets from the prior year.
However, in 2020, the debt-to-assets ratio was at its highest at 0.31, indicating that the company had a higher proportion of debt in relation to its total assets that year.
Overall, the downward trend from 2020 to 2024 suggests that Enerpac Tool Group Corp has been managing its debt levels effectively and improving its financial position in terms of leveraging its assets.
Peer comparison
Aug 31, 2024