Prestige Brand Holdings Inc (PBH)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.85 | 1.86 | 1.92 | 1.97 | 2.03 | 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 |
Based on the provided data on Prestige Brand Holdings Inc, the solvency ratios indicate a strong financial position in terms of its ability to meet its long-term obligations.
1. Debt-to-assets ratio: The debt-to-assets ratio consistently remains at 0.00 throughout the periods under consideration. This indicates that the company has no debt in relation to its total assets, which is a positive sign for creditors and investors.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio remains at 0.00 consistently across all periods, indicating that the company is not reliant on debt financing for its capital structure. This suggests a conservative financial approach.
3. Debt-to-equity ratio: The debt-to-equity ratio also stays at 0.00 throughout the reporting periods, highlighting that the company has no debt in relation to its equity. This demonstrates a strong financial standing and a lower risk of financial distress.
4. Financial leverage ratio: The financial leverage ratio shows a decreasing trend from 2.81 in June 2020 to 1.85 in March 2025. A decreasing trend in this ratio signifies that the company is reducing its reliance on debt financing over time, which is a positive sign for long-term stability and financial health.
Overall, based on the solvency ratios analysis, Prestige Brand Holdings Inc appears to have a robust financial position with minimal debt levels and a conservative approach towards financing its operations. Investors and stakeholders can be assured of the company's ability to meet its long-term financial obligations.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.98 | 6.33 | 5.66 | 5.30 | 5.11 | -0.28 | -0.32 | -0.48 | -0.51 | 4.74 | 4.76 | 4.69 | 4.78 | 4.37 | 4.09 | 3.83 | 3.41 | 3.45 | 3.32 | 3.16 |
The interest coverage ratio for Prestige Brand Holdings Inc has shown a positive trend over the period from June 30, 2020 to March 31, 2025. The ratio started at 3.16 in June 2020 and gradually increased to 6.98 by March 2025, reflecting the company's improved ability to cover its interest expenses with operating income.
The company maintained a steady increase in its interest coverage ratio until the end of December 31, 2022, peaking at 4.78 in March 31, 2022. However, there was a significant decline in the ratio in the subsequent quarters, with negative values reported from March 31, 2023 to December 31, 2023. This likely indicates a period where the company's operating income was not sufficient to cover its interest expenses.
From March 31, 2024 onwards, the interest coverage ratio saw a strong recovery, surpassing the previous peak and reaching 6.98 by the end of March 2025. This improvement suggests that Prestige Brand Holdings Inc has successfully enhanced its profitability and financial stability, ensuring a healthy margin of safety in meeting its interest payment obligations.