Procter & Gamble Company (PG)

Debt-to-equity 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-equity ratio		0.50	0.48	0.47	0.50	0.52	0.50	0.46	0.48	0.49	0.52	0.50	0.44	0.50	0.45	0.46	0.49	0.50	0.51	0.41	0.43

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $25,269,000K ÷ $50,559,000K
= 0.50

The debt-to-equity ratio of Procter & Gamble Company has fluctuated over the past few quarters, ranging from 0.41 to 0.52. A higher debt-to-equity ratio indicates that a company is relying more on debt to finance its operations, while a lower ratio suggests a more conservative financial structure with less reliance on borrowing.

In the most recent quarter, the company's debt-to-equity ratio was 0.50, indicating that it had an equal amount of debt and equity in its capital structure. This ratio has been relatively stable around this level over the past few quarters. It is worth noting that a ratio of 0.50 generally suggests a balanced capital structure, where the company is neither too heavily leveraged nor overly reliant on equity financing.

Overall, monitoring the trend of the debt-to-equity ratio can provide insights into Procter & Gamble's financial risk and how it is managing its capital structure. It is essential to assess this ratio in conjunction with other financial metrics and industry benchmarks to get a comprehensive understanding of the company's financial health and risk profile.