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.