Helen of Troy Ltd (HELE)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,637,440	1,586,280	1,501,880	1,514,910	1,488,810	1,457,070	1,398,350	1,356,420	1,327,340	1,354,960	1,267,820	1,202,080	1,239,350	1,210,440	1,308,530	1,221,750	1,161,720	1,161,680	1,087,380	1,036,180
Debt-to-equity ratio		0.40	0.46	0.56	0.55	0.62	0.73	0.82	0.80	0.61	0.33	0.37	0.42	0.28	0.36	0.23	0.26	0.29	0.21	0.28	0.31

February 29, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $659,421K ÷ $1,637,440K
= 0.40

The debt-to-equity ratio of Helen of Troy Ltd has fluctuated over the past several periods. The trend shows that the company's debt levels relative to its equity have varied, indicating changes in its capital structure and financial leverage.

The ratio reached a peak of 0.82 in August 2022, signaling a higher proportion of debt compared to equity at that time. Subsequently, there was a decrease in the ratio, possibly indicating a reduction in debt levels or an increase in equity.

Conversely, the lowest ratio of 0.21 was observed in May 2019, suggesting a stronger equity position relative to debt.

Overall, the fluctuation in the debt-to-equity ratio suggests that Helen of Troy Ltd has been managing its capital structure dynamically, adapting to changing financial conditions and strategic priorities.