Kenvue Inc. (KVUE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 11,211,000 | 10,893,000 | 11,131,000 | 20,282,000 |
| Debt-to-capital ratio | 0.42 | 0.40 | 0.41 | 0.28 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,000,000K ÷ ($8,000,000K + $11,211,000K)
= 0.42
The debt-to-capital ratio of Kenvue Inc. has varied over the past four quarters.
As of December 31, 2023, the ratio stood at 0.42, indicating that 42% of the company's capital structure was funded by debt. This represented an increase from the previous quarter, where the ratio was 0.40.
Prior to that, in June 30, 2023, the ratio was 0.41, showing a slight decrease from the March 31, 2023, ratio of 0.28.
Overall, the trend in the debt-to-capital ratio suggests that the company has been moderately reliant on debt financing throughout the year, with fluctuations occurring in the ratio. This indicates that Kenvue Inc. has been managing its capital structure by balancing debt and equity to support its operations and growth strategies.
Peer comparison
Dec 31, 2023