Edgewell Personal Care Co (EPC)
Debt-to-equity 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-equity ratio | 0.94 | 0.88 | 0.85 | 0.94 | 1.00 | 0.95 | 0.92 | 0.93 | 0.92 | 0.78 | 0.82 | 0.84 | 0.85 | 0.86 | 0.90 | 0.82 | 0.81 | 0.84 | 0.82 | 0.74 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,452,300K ÷ $1,545,800K
= 0.94
The debt-to-equity ratio of Edgewell Personal Care Co has fluctuated over the past eight quarters. In Q1 2024, the ratio stood at 0.96, indicating that the company had more debt relative to its equity. This represented an increase from the previous quarter (Q4 2023) when the ratio was 0.90.
The ratio had been decreasing steadily from Q2 2023 (0.95) to Q4 2022 (0.97), before experiencing a slight uptick in Q1 2023 (1.02). During this period, the company's financial structure showed a mix of debt and equity financing, with Q1 2023 reflecting a higher proportion of debt compared to the equity.
Overall, the trend in the debt-to-equity ratio indicates that Edgewell Personal Care Co has been managing its debt and equity levels relative to each other, but fluctuations in the ratio suggest potential shifts in the company's capital structure strategy or financial performance.
Peer comparison
Dec 31, 2023