Prestige Brand Holdings Inc (PBH)

Debt-to-assets ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	1,125,800	1,345,790	1,476,660	1,479,650	1,730,300
Total assets	US$ in thousands	3,318,420	3,353,730	3,670,680	3,429,270	3,513,900
Debt-to-assets ratio		0.34	0.40	0.40	0.43	0.49

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,125,800K ÷ $3,318,420K
= 0.34

The debt-to-assets ratio of Prestige Brand Holdings Inc has shown a declining trend from 0.49 in March 2020 to 0.34 in March 2024. This downward trend suggests that the company has been reducing its reliance on debt to finance its assets over the years. A lower debt-to-assets ratio indicates a lower level of financial risk and a stronger financial position, as it implies a larger proportion of assets are financed by equity rather than debt. This trend may indicate improved financial stability and a more conservative approach to capital structure management by the company. Overall, the decreasing debt-to-assets ratio for Prestige Brand Holdings Inc reflects a positive trend of decreasing debt relative to assets, which may be viewed positively by investors and creditors.