Edgewell Personal Care Co (EPC)
Debt-to-assets ratio
Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
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Long-term debt | US$ in thousands | 1,275,000 | 1,290,400 | 1,350,800 | 1,452,300 | 1,360,700 | 1,323,100 | 1,413,600 | 1,492,000 | 1,391,400 | 1,356,900 | 1,414,300 | 1,432,700 | 1,234,200 | 1,233,600 | 1,233,000 | 1,238,400 | 1,237,900 | 1,237,400 | 1,098,300 | 1,098,100 |
Total assets | US$ in thousands | 3,730,900 | 3,708,400 | 3,756,300 | 3,787,200 | 3,740,700 | 3,766,300 | 3,798,600 | 3,797,000 | 3,713,100 | 3,721,300 | 3,793,300 | 3,807,100 | 3,674,600 | 3,647,200 | 3,537,900 | 3,496,100 | 3,540,900 | 3,465,600 | 3,308,500 | 3,303,200 |
Debt-to-assets ratio | 0.34 | 0.35 | 0.36 | 0.38 | 0.36 | 0.35 | 0.37 | 0.39 | 0.37 | 0.36 | 0.37 | 0.38 | 0.34 | 0.34 | 0.35 | 0.35 | 0.35 | 0.36 | 0.33 | 0.33 |
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 some fluctuation over the past several quarters, ranging from 0.33 to 0.39. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests that the company relies less on debt to finance its operations, while a higher ratio may indicate higher financial leverage.
In this case, the company's debt-to-assets ratio has generally remained within a narrow range, with a slight increase in the most recent quarter. A ratio of around 0.35 to 0.37 is common, suggesting that Edgewell Personal Care Co maintains a balanced approach to financing its assets with a mix of debt and equity.
It is important to consider the trend of the ratio over time and compare it to industry benchmarks to gain a better understanding of the company's financial health and risk profile related to its debt levels. Further analysis and context would be needed to assess the implications of these variations in the debt-to-assets ratio for Edgewell Personal Care Co.
Peer comparison
Sep 30, 2024