Edgewell Personal Care Co (EPC)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,097,800 | 1,097,500 | 1,312,300 |
| Total assets | US$ in thousands | 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 | 3,420,900 | 3,431,300 | 3,988,500 |
| Debt-to-assets ratio | 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 | 0.32 | 0.32 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,452,300K ÷ $3,787,200K
= 0.38
The debt-to-assets ratio for Edgewell Personal Care Co has been relatively stable over the past eight quarters, ranging from 0.36 to 0.40. This ratio indicates that, on average, the company finances approximately 36% to 40% of its assets through debt, with the remaining percentage funded by equity.
A decreasing trend in the debt-to-assets ratio can indicate a company becoming less reliant on debt financing, which may be a positive sign of financial stability. Conversely, an increasing trend could suggest growing financial risk due to higher levels of debt relative to assets.
Overall, with a range of 0.36 to 0.40, Edgewell Personal Care Co's debt-to-assets ratio suggests a moderate level of debt used to finance its operations and investments, but further analysis would be needed to fully assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023