Helen of Troy Ltd (HELE)
Debt-to-assets ratio
Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 659,421 | 729,413 | 838,668 | 830,922 | 928,348 | 1,059,590 | 1,148,870 | 1,090,950 | 811,332 | 445,584 | 470,335 | 509,090 | 341,746 | 438,497 | 298,247 | 322,999 | 337,421 | 242,363 | 299,309 | 319,255 |
Total assets | US$ in thousands | 2,838,620 | 2,952,290 | 2,901,660 | 2,872,830 | 2,913,720 | 3,129,420 | 3,225,210 | 3,144,250 | 2,823,450 | 2,487,400 | 2,400,160 | 2,348,090 | 2,263,490 | 2,311,740 | 2,174,190 | 1,975,690 | 1,903,880 | 1,791,090 | 1,775,950 | 1,702,830 |
Debt-to-assets ratio | 0.23 | 0.25 | 0.29 | 0.29 | 0.32 | 0.34 | 0.36 | 0.35 | 0.29 | 0.18 | 0.20 | 0.22 | 0.15 | 0.19 | 0.14 | 0.16 | 0.18 | 0.14 | 0.17 | 0.19 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $659,421K ÷ $2,838,620K
= 0.23
The debt-to-assets ratio of Helen of Troy Ltd has fluctuated over the past few quarters. The ratio decreased from 0.25 in November 2023 to 0.23 in February 2024, indicating a slight improvement in the company's debt management. However, compared to the same period in the prior year, the debt-to-assets ratio has increased from 0.18 to 0.23, suggesting a higher proportion of debt to total assets.
Overall, the company's debt-to-assets ratio has shown varying levels of leverage over the quarters, with the highest ratio recorded at 0.36 in August 2022 and the lowest at 0.14 in May 2020. Investors and creditors typically use the debt-to-assets ratio to assess the company's financial risk and solvency. Helen of Troy Ltd may need to continue monitoring and managing its debt levels to maintain a healthy balance sheet and financial stability.