Edgewell Personal Care Co (EPC)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,360,700 | 1,391,400 | 1,234,200 | 1,237,900 | 1,097,800 |
| Total assets | US$ in thousands | 3,740,700 | 3,713,100 | 3,674,600 | 3,540,900 | 3,420,900 |
| Debt-to-assets ratio | 0.36 | 0.37 | 0.34 | 0.35 | 0.32 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,360,700K ÷ $3,740,700K
= 0.36
The debt-to-assets ratio of Edgewell Personal Care Co has been relatively stable over the past five years, ranging between 0.34 and 0.38. This ratio indicates the proportion of the company's assets financed by debt, with a lower ratio suggesting lower financial risk and greater ability to cover its obligations. The decreasing trend from 2021 to 2023 reflects a more conservative capital structure with less reliance on debt financing. However, it's important to consider the specific industry and business cycle factors when evaluating the significance of these changes. Overall, the consistent but decreasing trend in the debt-to-assets ratio suggests that Edgewell Personal Care Co has been managing its debt and asset allocation prudently in recent years.
Peer comparison
Sep 30, 2023