Procter & Gamble Company (PG)
Debt-to-assets ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 25,269,000 | 24,253,000 | 23,096,000 | 24,069,000 | 24,378,000 | 22,874,000 | 20,582,000 | 21,286,000 | 22,848,000 | 23,767,000 | 22,322,000 | 20,558,000 | 23,099,000 | 21,053,000 | 22,514,000 | 23,948,000 | 23,537,000 | 23,310,000 | 18,985,000 | 20,161,000 |
| Total assets | US$ in thousands | 122,370,000 | 119,598,000 | 120,709,000 | 122,531,000 | 120,829,000 | 119,851,000 | 117,715,000 | 116,282,000 | 117,208,000 | 120,217,000 | 121,416,000 | 119,669,000 | 119,307,000 | 116,778,000 | 120,112,000 | 119,899,000 | 120,700,000 | 118,560,000 | 111,723,000 | 114,058,000 |
| Debt-to-assets ratio | 0.21 | 0.20 | 0.19 | 0.20 | 0.20 | 0.19 | 0.17 | 0.18 | 0.19 | 0.20 | 0.18 | 0.17 | 0.19 | 0.18 | 0.19 | 0.20 | 0.20 | 0.20 | 0.17 | 0.18 |
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 remained relatively stable over the past few quarters, ranging between 0.17 and 0.21. This ratio indicates the proportion of the company's assets that are financed through debt, with a higher ratio suggesting higher financial leverage.
The trend of the ratio shows that the company has maintained a prudent level of debt relative to its total assets. A ratio below 1.0 indicates that Procter & Gamble has more assets than debt, which is generally considered a positive sign by investors and creditors.
During the period under review, the company's debt-to-assets ratio peaked at 0.21 in June 2024 and the lowest point was recorded at 0.17 in December 2022. This indicates that the company's reliance on debt to finance its operations has slightly increased in recent quarters but has remained within reasonable levels.
Overall, Procter & Gamble Company's debt-to-assets ratio suggests that the company has a conservative approach to managing its debt levels, which can help mitigate financial risks and maintain financial stability in the long term.
Peer comparison
Jun 30, 2024