Prestige Brand Holdings Inc (PBH)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,655,080	1,600,580	1,535,960	1,480,300	1,447,080	1,686,860	1,619,840	1,584,740	1,577,610	1,518,320	1,461,650	1,416,250	1,358,300	1,323,220	1,278,220	1,227,010	1,170,970	1,156,490	1,112,790	1,101,620
Debt-to-equity ratio		0.68	0.76	0.83	0.90	0.93	0.85	0.90	0.94	0.94	1.02	1.10	1.09	1.09	1.17	1.21	1.32	1.48	1.47	1.58	1.62

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 fluctuating trend over the past few quarters. The ratio decreased from 1.62 in December 2019 to 0.68 in March 2024, indicating a significant reduction in debt relative to equity.

However, it is important to note that the ratio has shown some volatility during this period, with fluctuations occurring from quarter to quarter. The ratio ranged from a low of 0.68 to a high of 1.62, reflecting varying levels of debt financing compared to equity.

Overall, the downward trend in the debt-to-equity ratio indicates that the company has been reducing its reliance on debt financing and improving its financial leverage position. This trend could suggest a more conservative approach to capital structure and financial risk management by the company.