Enerpac Tool Group Corp (EPAC)
Debt-to-assets ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 239,920 | 240,128 | 210,337 | 231,545 | 206,754 | 200,359 | 200,000 | 205,000 | 175,000 | 175,000 | 175,000 | 195,000 | 210,000 | 255,000 | 255,000 | 286,497 | 286,367 | 286,236 | 452,945 | 468,984 |
| Total assets | US$ in thousands | 769,286 | 765,567 | 762,597 | 793,074 | 773,187 | 774,401 | 757,312 | 797,299 | 821,462 | 812,468 | 820,247 | 842,702 | 809,001 | 838,575 | 824,294 | 851,535 | 879,342 | 908,512 | 1,124,270 | 1,393,160 |
| Debt-to-assets ratio | 0.31 | 0.31 | 0.28 | 0.29 | 0.27 | 0.26 | 0.26 | 0.26 | 0.21 | 0.22 | 0.21 | 0.23 | 0.26 | 0.30 | 0.31 | 0.34 | 0.33 | 0.32 | 0.40 | 0.34 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $239,920K ÷ $769,286K
= 0.31
The debt-to-assets ratio of Enerpac Tool Group Corp has been relatively stable over the past quarters, with values fluctuating between 0.21 and 0.40. The ratio indicates the proportion of the company's assets funded by debt, with a higher ratio suggesting higher financial risk as more assets are financed by debt.
In recent quarters, the company has maintained a moderate level of debt relative to its assets, with the ratio ranging from 0.21 to 0.34. This indicates that a significant portion of the company's assets are financed by debt, but it is not overly leveraged. However, there was a slight increase observed in the most recent quarter, which may raise concerns about the company's increasing reliance on debt to fund its operations.
Overall, the trend in Enerpac Tool Group Corp's debt-to-assets ratio suggests a cautious approach to debt management, with the company balancing the benefits of leveraging with the potential risks associated with high levels of debt. Monitoring this ratio in conjunction with other financial metrics can provide insights into the company's financial health and risk profile.
Peer comparison
Feb 29, 2024