Kenvue Inc. (KVUE)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,000,000 | 7,400,000 | 7,800,000 | 8,000,000 |
| Total assets | US$ in thousands | 27,851,000 | 27,077,000 | 27,542,000 | 35,595,000 |
| Debt-to-assets ratio | 0.29 | 0.27 | 0.28 | 0.22 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,000,000K ÷ $27,851,000K
= 0.29
The debt-to-assets ratio for Kenvue Inc. has shown consistency over the past four quarters, ranging from 0.22 to 0.29. This ratio indicates the proportion of the company's assets financed by debt, with higher ratios suggesting a greater reliance on debt funding. In this case, the company maintains a relatively conservative debt-to-assets position, indicating a lower level of financial leverage compared to companies with higher ratios. It suggests that Kenvue Inc. has a good balance between debt and assets, which may be viewed positively by investors and creditors as it signifies lower financial risk and potential stability in the company's operations.
Peer comparison
Dec 31, 2023