Enerpac Tool Group Corp (EPAC)
Debt-to-assets ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 189,503 | 190,711 | 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 |
| Total assets | US$ in thousands | 777,328 | 749,464 | 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 |
| Debt-to-assets ratio | 0.24 | 0.25 | 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 |
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 variability over the past several quarters, ranging from 0.21 to 0.34. The ratio measures the proportion of the company's total debt to its total assets, providing insight into its leverage and financial risk.
The trend of the debt-to-assets ratio indicates fluctuations in the company's capital structure and its ability to weather financial challenges. A higher ratio suggests a greater reliance on debt financing, which can increase risk during economic downturns or interest rate hikes. Conversely, a lower ratio may indicate a stronger financial position and lower risk.
Enerpac's ratio has generally stayed within the range of 0.21 to 0.34, with a slight uptrend in recent quarters. This could indicate increasing debt levels relative to assets or a decrease in asset values. Investors and creditors may monitor this ratio closely to assess the company's financial health and risk profile. Further analysis of the company's debt management and asset utilization is recommended to fully understand the implications of the debt-to-assets ratio movements.
Peer comparison
Aug 31, 2024