Edgewell Personal Care Co (EPC)

Solvency ratios

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
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
Debt-to-capital ratio 0.45 0.45 0.47 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
Debt-to-equity ratio 0.80 0.82 0.87 0.94 0.88 0.85 0.93 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
Financial leverage ratio 2.36 2.35 2.42 2.45 2.43 2.41 2.51 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

The solvency ratios of Edgewell Personal Care Co indicate its ability to meet its long-term financial obligations and the extent to which it relies on debt financing.

The debt-to-assets ratio has been relatively stable around 0.35 to 0.38 over the past five quarters. This ratio shows that approximately 35% to 38% of the company's assets are financed by debt, indicating a moderate level of leverage.

The debt-to-capital ratio, which includes both debt and equity in the capital structure, has also shown a consistent trend, ranging from 0.45 to 0.50. This ratio signifies that roughly 45% to 50% of the company's capital comes from debt, pointing to a moderate to slightly higher dependency on debt financing.

The debt-to-equity ratio has exhibited an increasing trend over the quarters, reaching a peak of 1.00 in the most recent period. This suggests that the company's debt level relative to equity has been rising, potentially indicating increased financial risk.

The financial leverage ratio has fluctuated between 2.31 and 2.54, showing the company's overall financial leverage position. A higher ratio implies higher financial leverage and, consequently, higher financial risk. Edgewell Personal Care Co's financial leverage ratio has been relatively stable but on the higher side compared to earlier periods.

Overall, Edgewell Personal Care Co's solvency ratios reveal a moderate to slightly high reliance on debt financing, with a gradual increase in the debt-to-equity ratio and financial leverage ratio over the analyzed quarters, suggesting a potentially increasing financial risk profile. Monitoring these ratios over time will be crucial to assess the company's long-term financial stability and ability to meet its obligations effectively.

Coverage ratios

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
Interest coverage 2.58 2.92 3.02 2.74 2.88 3.02 2.61 2.68 2.74 2.83 3.12 3.03 3.15 2.79 2.10 2.29 2.43 2.79 -5.91 -5.05

The interest coverage ratio of Edgewell Personal Care Co has shown some fluctuations over the past few quarters. It ranged from 2.10 to 3.15 during the period from December 2019 to September 2021, indicating the company's ability to cover its interest expenses with its earnings. However, there was a significant decline in the interest coverage ratio in the first two quarters of 2020, reaching negative values of -5.91 and -5.05, which may raise concerns about the company's ability to meet its interest obligations during that period.

Subsequently, the interest coverage ratio showed a gradual improvement, reaching levels above 2.50 in the following quarters up to September 2024. This increase suggests that Edgewell Personal Care Co has been able to enhance its ability to cover interest payments with its operating income. Overall, the trend in interest coverage indicates a mix of stability and volatility in the company's ability to service its debt obligations with its earnings.