Procter & Gamble Company (PG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 50,559,000 | 50,334,000 | 48,829,000 | 48,014,000 | 47,065,000 | 45,421,000 | 44,725,000 | 44,334,000 | 46,854,000 | 45,746,000 | 44,893,000 | 46,408,000 | 46,654,000 | 46,919,000 | 48,540,000 | 48,576,000 | 46,878,000 | 45,941,000 | 45,908,000 | 46,984,000 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.32 | 0.33 | 0.34 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.33 | 0.31 | 0.33 | 0.31 | 0.32 | 0.33 | 0.33 | 0.34 | 0.29 | 0.30 |
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 of Procter & Gamble Company has been relatively stable over the past few quarters, ranging from 0.29 to 0.34. This ratio represents the proportion of the company's total debt to its total capital, indicating the extent to which debt is used to finance its operations.
A debt-to-capital ratio of 0.33 means that approximately 33% of Procter & Gamble's capital structure is comprised of debt, while the remaining 67% is funded by equity. A stable ratio suggests that the company has a prudent debt management strategy and is not overly reliant on debt to finance its operations.
Overall, the consistent debt-to-capital ratio indicates that Procter & Gamble has a balanced capital structure with a reasonable level of debt relative to its overall capital. However, it is essential for investors to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its financial objectives.
Peer comparison
Jun 30, 2024