Enerpac Tool Group Corp (EPAC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 391,979 | 365,771 | 336,926 | 321,676 | 326,620 | 336,619 | 340,788 | 334,323 | 318,611 | 366,272 | 413,023 | 409,806 | 412,198 | 416,911 | 381,393 | 367,946 | 359,226 | 336,282 | 354,365 | 353,253 |
| Debt-to-capital ratio | 0.33 | 0.34 | 0.42 | 0.43 | 0.39 | 0.41 | 0.38 | 0.37 | 0.39 | 0.36 | 0.30 | 0.30 | 0.30 | 0.32 | 0.36 | 0.41 | 0.42 | 0.46 | 0.45 | 0.45 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $189,503K ÷ ($189,503K + $391,979K)
= 0.33
The debt-to-capital ratio of Enerpac Tool Group Corp has shown some fluctuations over the past few quarters. The ratio has ranged from 0.30 to 0.46 during the period from November 2019 to August 2024.
The ratio indicates the proportion of the company's capital structure that is financed by debt. A lower debt-to-capital ratio suggests a smaller reliance on debt financing, while a higher ratio signifies a higher level of debt relative to total capital.
Enerpac Tool Group Corp's debt-to-capital ratio has generally been within the range of 0.30 to 0.46, indicating a moderate level of debt in relation to its overall capital structure. The slight fluctuations in the ratio over time may reflect changes in the company's debt levels and capital structure management. It is important for investors and analysts to closely monitor these fluctuations to assess the company's financial health and risk profile.
Peer comparison
Aug 31, 2024