Procter & Gamble Company (PG)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	25,269,000	24,378,000	22,848,000	23,099,000	23,537,000
Total assets	US$ in thousands	122,370,000	120,829,000	117,208,000	119,307,000	120,700,000
Debt-to-assets ratio		0.21	0.20	0.19	0.19	0.20

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $25,269,000K ÷ $122,370,000K
= 0.21

The debt-to-assets ratio of Procter & Gamble Company has shown a slight increase from 0.20 in 2023 to 0.21 in 2024. This indicates that for every dollar of assets, the company has $0.21 of debt. Overall, the trend of the debt-to-assets ratio over the past five years has been relatively stable, fluctuating within a narrow range between 0.19 and 0.21. This suggests that Procter & Gamble has been managing its debt levels effectively in relation to its total assets, maintaining a healthy balance between debt and equity financing. A higher debt-to-assets ratio could signal higher financial risk, while a lower ratio could indicate conservative financial management. Procter & Gamble's consistent ratio within the range observed is generally positive, demonstrating prudent financial practices.