Edgewell Personal Care Co (EPC)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,275,000 | 1,360,700 | 1,391,400 | 1,234,200 | 1,237,900 |
| Total assets | US$ in thousands | 3,730,900 | 3,740,700 | 3,713,100 | 3,674,600 | 3,540,900 |
| Debt-to-assets ratio | 0.34 | 0.36 | 0.37 | 0.34 | 0.35 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,275,000K ÷ $3,730,900K
= 0.34
The debt-to-assets ratio of Edgewell Personal Care Co has shown a slight fluctuation over the past five years, ranging from 0.34 to 0.37. This ratio indicates that, on average, approximately 34% to 37% of the company's total assets are financed through debt.
A lower debt-to-assets ratio is generally preferred as it suggests lower financial risk and a stronger financial position. Despite some minor variation, the ratio for Edgewell Personal Care Co has remained relatively stable, with the company maintaining a moderate level of debt relative to its total assets.
It is important to consider the industry benchmarks and compare this ratio with competitors to gain a broader perspective on Edgewell Personal Care Co's leverage position. Additionally, monitoring trends in the debt-to-assets ratio over time can provide insights into the company's capital structure and financial stability.
Peer comparison
Sep 30, 2024