Procter & Gamble Company (PG)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	50,559,000	47,065,000	46,854,000	46,654,000	46,878,000
Debt-to-capital ratio		0.33	0.34	0.33	0.33	0.33

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $25,269,000K ÷ ($25,269,000K + $50,559,000K)
= 0.33

The debt-to-capital ratio for Procter & Gamble Company has remained relatively stable over the past five years, hovering around 0.33. This indicates that, on average, approximately 33% of the company's capital structure is financed by debt, while the remaining 67% is financed by equity. The stability of the ratio suggests that Procter & Gamble has maintained a consistent balance between debt and equity in its capital structure. This indicates a moderate level of leverage, which may be viewed positively by investors and creditors alike. Overall, the company's debt-to-capital ratio reflects a prudent approach to managing its financial obligations and capital structure.