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