Prestige Brand Holdings Inc (PBH)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,655,080	1,447,080	1,577,610	1,358,300	1,170,970
Debt-to-equity ratio		0.68	0.93	0.94	1.09	1.48

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,125,800K ÷ $1,655,080K
= 0.68

The debt-to-equity ratio of Prestige Brand Holdings Inc has shown a declining trend over the past five years, indicating a healthier financial position in terms of leverage. The ratio decreased from 1.48 in March 2020 to 0.68 in March 2024. This suggests that the company has been effectively managing its debt levels relative to shareholder equity. A lower debt-to-equity ratio signifies lower financial risk and a stronger ability to cover financial obligations through equity rather than debt. This trend could be an indicator of improved financial stability and prudent financial management by Prestige Brand Holdings Inc.