Prestige Brand Holdings Inc (PBH)
Solvency ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.85 | 2.00 | 2.32 | 2.33 | 2.52 |
Prestige Brand Holdings Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 across the fiscal years from March 31, 2021, to March 31, 2025. These ratios suggest that the company's level of debt in relation to its assets, capital, and equity is minimal or negligible, which is a positive sign of financial health and stability.
Furthermore, the financial leverage ratio has also shown a declining trend over the five-year period, decreasing from 2.52 on March 31, 2021, to 1.85 on March 31, 2025. This decreasing trend indicates that the company has been reducing its reliance on debt financing over time, which can lower financial risk and enhance overall financial strength.
Overall, Prestige Brand Holdings Inc's solvency ratios point towards a sound financial structure with low debt levels relative to its assets, capital, and equity, and a decreasing reliance on debt financing, which bodes well for the company's long-term sustainability and ability to meet its financial obligations.
Coverage ratios
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | 6.97 | 5.11 | -0.36 | 4.87 | 3.32 |
The interest coverage ratio for Prestige Brand Holdings Inc has shown some fluctuations over the years. In March 2021, the interest coverage ratio was 3.32, indicating that the company generated operating income 3.32 times more than its interest expenses. This ratio improved in March 2022 to 4.87, suggesting better ability to meet its interest obligations.
However, there was a significant decrease in March 2023, with the interest coverage ratio dropping to -0.36. This negative ratio implies that the company's operating income was not sufficient to cover its interest expenses during that period, raising concerns about its ability to meet debt obligations.
The company's financial position improved in March 2024, with the interest coverage ratio increasing to 5.11, indicating a stronger ability to cover interest costs. By March 2025, the interest coverage ratio further improved to 6.97, reflecting a healthy financial position and indicating that the company generated operating income nearly 7 times greater than its interest expenses.
Overall, while there have been fluctuations in Prestige Brand Holdings Inc's interest coverage ratio, the trend has shown improvements in recent years, suggesting a more stable and financially secure position compared to previous periods.