Edgewell Personal Care Co (EPC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.45 | 2.43 | 2.43 | 2.52 | 2.54 | 2.53 | 2.52 | 2.50 | 2.45 | 2.31 | 2.41 | 2.42 | 2.39 | 2.46 | 2.53 | 2.46 | 2.45 | 2.62 | 2.57 | 2.24 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,787,200K ÷ $1,545,800K
= 2.45
The financial leverage ratio of Edgewell Personal Care Co has shown some fluctuation over the past few quarters. The ratio was relatively stable around 2.50 in the third and fourth quarters of 2022 and in the first and third quarters of 2023. However, it increased to 2.55 in the first quarter of 2023 before slightly decreasing to 2.43 in the third and fourth quarters of 2023. In the most recent quarter, Q1 2024, the financial leverage ratio increased again to 2.45.
Overall, the trend in the financial leverage ratio indicates that Edgewell Personal Care Co has been utilizing more debt to finance its operations compared to equity. The company's leverage has been relatively consistent within a narrow range, showing a moderate level of financial leverage, which could imply a balanced capital structure. Continued monitoring of the financial leverage ratio is recommended to assess the company's risk and financial stability.
Peer comparison
Dec 31, 2023