Enerpac Tool Group Corp (EPAC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 301,179 | 607,424 |
| Debt-to-capital ratio | 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 | 0.60 | 0.44 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $239,920K ÷ ($239,920K + $336,926K)
= 0.42
The debt-to-capital ratio for Enerpac Tool Group Corp has shown some fluctuations over the past few periods, ranging from 0.30 to 0.60. In general, a debt-to-capital ratio below 0.50 is considered favorable, as it indicates a lower reliance on debt financing relative to equity.
From the data provided, it appears that the company's debt-to-capital ratio has been relatively stable around the 0.30 to 0.45 range in recent periods. However, there was a spike to 0.60 in May 2019, suggesting a higher proportion of debt in the company's capital structure during that period.
Overall, the trend in Enerpac Tool Group Corp's debt-to-capital ratio demonstrates a moderate level of leverage and a balanced mix of debt and equity in its capital structure. It is important for investors and stakeholders to continue monitoring the company's debt levels relative to its overall capitalization to assess its financial health and risk profile.
Peer comparison
Feb 29, 2024