Phibro Animal Health Corporation (PAHC)

Debt-to-capital ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	282,289	311,541	272,925	382,710	368,257
Total stockholders’ equity	US$ in thousands	256,641	282,509	262,442	238,529	188,204
Debt-to-capital ratio		0.52	0.52	0.51	0.62	0.66

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $282,289K ÷ ($282,289K + $256,641K)
= 0.52

The debt-to-capital ratio of Phibro Animal Health Corporation has remained relatively stable over the past five years, ranging from 0.51 to 0.66. This ratio indicates the proportion of the company's total debt in relation to its total capital, which includes both debt and equity.

In the most recent period ending June 30, 2024, the debt-to-capital ratio stood at 0.52, unchanged from the previous year. This suggests that approximately 52% of Phibro Animal Health Corporation's capital structure is made up of debt, while the remaining 48% is composed of equity.

Overall, the company's debt-to-capital ratio reflects a moderate level of leverage, indicating a balanced mix of debt and equity financing. It is important to monitor changes in this ratio over time to assess the company's ability to cover its debt obligations and manage financial risk effectively.