Kenvue Inc. (KVUE)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,500,000 | 8,000,000 | 7,600,000 | 7,700,000 | 8,000,000 |
| Total assets | US$ in thousands | 25,601,000 | 26,925,000 | 26,443,000 | 27,283,000 | 27,851,000 |
| Debt-to-assets ratio | 0.29 | 0.30 | 0.29 | 0.28 | 0.29 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,500,000K ÷ $25,601,000K
= 0.29
The debt-to-assets ratio of Kenvue Inc. has been relatively stable over the past year, ranging between 0.28 and 0.30. This indicates that, on average, the company finances approximately 29% of its assets through debt. A lower ratio suggests a lower reliance on debt for funding operations, which can be seen as a positive sign for investors and creditors. However, it is essential to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its overall financial health and strategic objectives.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Kenvue Inc.
KVUE
0.29
Colgate-Palmolive Company
CL
0.45
Coty Inc
COTY
0.32
ELF Beauty Inc
ELF
0.00
Estee Lauder Companies Inc
EL
0.00
Inter Parfums Inc
IPAR
0.08