Prestige Brand Holdings Inc (PBH)

Financial leverage 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
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
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
Financial leverage ratio		2.00	2.09	2.17	2.26	2.32	2.22	2.27	2.32	2.33	2.41	2.51	2.51	2.52	2.62	2.69	2.81	3.00	3.00	3.11	3.14

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,318,420K ÷ $1,655,080K
= 2.00

The financial leverage ratio of Prestige Brand Holdings Inc has fluctuated over the past few quarters, ranging from 2.00 to 3.14. The ratio indicates that the company's level of financial leverage has been relatively high, with debt contributing significantly to its capital structure. The increasing trend in the ratio suggests that the company has been relying more on debt to finance its operations and investments over time. It is important to monitor this ratio closely as high levels of financial leverage can increase the company's financial risk and impact its overall financial health and stability.