Prestige Brand Holdings Inc (PBH)

Solvency ratios

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
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
Debt-to-capital ratio 0.40 0.43 0.45 0.47 0.48 0.46 0.47 0.48 0.48 0.51 0.52 0.52 0.52 0.54 0.55 0.57 0.60 0.60 0.61 0.62
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
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

Prestige Brand Holdings Inc's solvency ratios provide insights into the company's ability to meet its long-term financial obligations. Over the periods analyzed, the Debt-to-assets ratio fluctuated between 0.34 to 0.51, indicating that a significant portion of the company's assets were financed by debt. The trend shows a gradual increase in the ratio, which may suggest a higher level of leverage and potential financial risk.

The Debt-to-capital ratio ranged from 0.40 to 0.62, displaying a similar increasing trend over the periods. This ratio reflects the proportion of a company's capital that is debt-financed. The consistent rise in the ratio indicates increasing reliance on debt financing relative to total capital, which could indicate a heavier debt burden on the company's financial structure.

The Debt-to-equity ratio varied between 0.68 to 1.62, demonstrating a substantial fluctuation in the company's debt relative to its equity. The increasing trend suggests a higher level of financial risk associated with higher debt levels compared to equity. Prestige Brand Holdings Inc's financial leverage ratio ranged from 2.00 to 3.14, indicating the degree of financial leverage used by the company to support its operations. The escalating trend in this ratio shows that the company's financial risk increased over the periods as the level of debt relative to equity and total capital grew.

Overall, the analysis of Prestige Brand Holdings Inc's solvency ratios highlights a pattern of increasing debt levels, which could potentially impact the company's financial stability and flexibility in the long run. Investors and stakeholders should closely monitor these ratios to assess the company's ability to service its debt obligations and sustain its operations effectively.

Coverage ratios

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
Interest coverage 65.85 -0.30 -0.29 -0.35 -0.32 5.21 5.14 5.05 5.11 3.92 3.80 3.74 2.84 6.72 4.39 3.20 3.01 0.64 0.64 0.64

The interest coverage ratio for Prestige Brand Holdings Inc has shown a fluctuating trend over the past few quarters. In the most recent quarter as of March 31, 2024, the interest coverage ratio was 65.85, indicating a strong ability to cover interest expenses. However, in the previous quarter, the company had negative interest coverage ratios, suggesting that the company's operating income was not sufficient to cover its interest expenses.

It is important to note that negative interest coverage ratios can be a cause for concern as they indicate a potential inability to meet interest obligations. On the other hand, the positive interest coverage ratios in other quarters demonstrate the company's ability to generate enough earnings to cover interest payments comfortably.

Overall, the company's interest coverage ratios have been inconsistent, highlighting the need for careful monitoring of its financial performance and debt management practices.