Enerpac Tool Group Corp (EPAC)
Debt-to-equity 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-equity ratio | 0.48 | 0.52 | 0.71 | 0.75 | 0.64 | 0.69 | 0.61 | 0.60 | 0.63 | 0.56 | 0.42 | 0.43 | 0.42 | 0.47 | 0.55 | 0.69 | 0.71 | 0.85 | 0.81 | 0.81 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $189,503K ÷ $391,979K
= 0.48
The debt-to-equity ratio of Enerpac Tool Group Corp has fluctuated over the past several quarters. The ratio provides insight into the company's capital structure and financial leverage. A higher ratio indicates that the company is relying more on debt to finance its operations, while a lower ratio suggests a stronger equity position.
Looking at the data provided, we can observe that the debt-to-equity ratio has ranged from a low of 0.42 to a high of 0.85 over the past few years. The company experienced a decrease in the ratio in the most recent quarters compared to the earlier periods, indicating a potential decrease in reliance on debt funding or an increase in equity financing.
Overall, it is important to monitor Enerpac Tool Group Corp's debt-to-equity ratio over time to evaluate its financial risk and sustainability, as fluctuations in this ratio can impact the company's ability to meet its financial obligations and pursue growth opportunities.
Peer comparison
Aug 31, 2024