Enerpac Tool Group Corp (EPAC)
Debt-to-equity 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-equity ratio | 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 | 1.50 | 0.77 |
February 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $239,920K ÷ $336,926K
= 0.71
The debt-to-equity ratio of Enerpac Tool Group Corp has fluctuated over the past several quarters, indicating varying levels of financial leverage. The ratio ranged from 0.42 to 1.50 during the periods from May 31, 2019, to Feb 29, 2024.
The ratio peaked at 1.50 in May 31, 2019, suggesting the company had a higher proportion of debt relative to equity at that time. Subsequently, there was a significant decrease in the ratio to 0.42 by Nov 30, 2021, indicating a lower reliance on debt for financing compared to equity.
The most recent data as of Feb 29, 2024, shows a debt-to-equity ratio of 0.71. This suggests that the company's current financial structure includes a higher proportion of debt compared to equity, which may increase financial risk but could also potentially lead to higher returns on equity.
Overall, the trend in the debt-to-equity ratio for Enerpac Tool Group Corp indicates fluctuations in the capital structure over time, highlighting the company's shifting approach to financing and risk management. It is essential for stakeholders to monitor these fluctuations to assess the company's financial health and risk profile effectively.
Peer comparison
Feb 29, 2024