Edgewell Personal Care Co (EPC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,545,800 | 1,540,500 | 1,551,100 | 1,507,000 | 1,494,600 | 1,467,100 | 1,478,100 | 1,515,500 | 1,552,300 | 1,590,800 | 1,511,600 | 1,464,100 | 1,465,200 | 1,438,600 | 1,368,200 | 1,347,300 | 1,348,100 | 1,303,500 | 1,335,200 | 1,782,100 |
| Debt-to-capital ratio | 0.48 | 0.47 | 0.46 | 0.48 | 0.50 | 0.49 | 0.48 | 0.48 | 0.48 | 0.44 | 0.45 | 0.46 | 0.46 | 0.46 | 0.47 | 0.45 | 0.45 | 0.46 | 0.45 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,452,300K ÷ ($1,452,300K + $1,545,800K)
= 0.48
The debt-to-capital ratio of Edgewell Personal Care Co has shown consistency over the past eight quarters, ranging between 0.46 and 0.51. This ratio represents the proportion of the company's capital structure that is financed by debt, with the remaining portion funded by equity. The trend indicates a moderate level of leverage maintained by the company, with debt accounting for around 46% to 51% of the total capital on average.
The fluctuations in the debt-to-capital ratio suggest that Edgewell Personal Care Co has been managing its debt levels relative to its overall capital base. While the ratio has not strayed significantly from the 0.46 to 0.51 range, it is important for the company to monitor and control its debt levels to ensure financial stability and leverage ratios that align with its risk tolerance and strategic objectives.
Overall, the debt-to-capital ratio analysis suggests that Edgewell Personal Care Co has maintained a relatively stable capital structure with a moderate level of debt usage over the past eight quarters. Continued monitoring and management of the debt levels will be crucial for the company's financial health and long-term sustainability.
Peer comparison
Dec 31, 2023