Prestige Brand Holdings Inc (PBH)
Debt-to-assets ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 1,125,800 | 1,210,000 | 1,275,000 | 1,330,000 | 1,345,790 | 1,440,000 | 1,455,000 | 1,490,000 | 1,476,660 | 1,550,000 | 1,614,000 | 1,545,350 | 1,479,650 | 1,548,690 | 1,548,100 | 1,620,640 | 1,730,300 | 1,701,310 | 1,754,170 | 1,779,380 |
Total assets | US$ in thousands | 3,318,420 | 3,339,750 | 3,332,870 | 3,345,580 | 3,353,730 | 3,749,770 | 3,678,510 | 3,682,230 | 3,670,680 | 3,659,410 | 3,675,820 | 3,559,110 | 3,429,270 | 3,468,770 | 3,434,310 | 3,450,150 | 3,513,900 | 3,464,200 | 3,464,760 | 3,460,710 |
Debt-to-assets ratio | 0.34 | 0.36 | 0.38 | 0.40 | 0.40 | 0.38 | 0.40 | 0.40 | 0.40 | 0.42 | 0.44 | 0.43 | 0.43 | 0.45 | 0.45 | 0.47 | 0.49 | 0.49 | 0.51 | 0.51 |
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 exhibited a fluctuating trend over the past few quarters. The ratio has generally been increasing since the beginning of 2020, starting at 0.45 in December 2020 and reaching 0.34 by March 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its assets.
However, the ratio briefly spiked to 0.51 in both June and September 2019, but has since shown a downward trend, except for a few fluctuations. This may suggest that the company has been managing its debt levels more effectively in recent quarters.
Overall, a decreasing debt-to-assets ratio generally indicates a stronger financial position and lower financial risk for a company, as it signifies a lower amount of debt relative to total assets. Prestige Brand Holdings Inc's decreasing trend in this ratio suggests a positive development in its financial leverage over the reported periods.
Peer comparison
Mar 31, 2024