Sally Beauty Holdings Inc (SBH)
Debt-to-assets ratio
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,008,510 | 986,513 | 988,755 | 1,077,950 | 1,060,960 | 1,066,560 | 1,066,560 | 1,056,350 | 1,037,490 | 1,042,080 | 1,405,760 | 1,423,010 | 1,431,090 | 1,443,150 | 1,655,520 | 1,866,830 | 1,837,100 | 1,829,220 | 1,332,520 | 1,623,970 |
| Total assets | US$ in thousands | 2,792,900 | 2,721,200 | 2,746,540 | 2,731,390 | 2,725,250 | 2,675,400 | 2,675,110 | 2,668,550 | 2,576,870 | 2,685,870 | 2,743,000 | 2,855,940 | 2,847,130 | 2,778,180 | 2,909,570 | 2,999,650 | 2,895,150 | 3,198,090 | 2,921,170 | 2,675,060 |
| Debt-to-assets ratio | 0.36 | 0.36 | 0.36 | 0.39 | 0.39 | 0.40 | 0.40 | 0.40 | 0.40 | 0.39 | 0.51 | 0.50 | 0.50 | 0.52 | 0.57 | 0.62 | 0.63 | 0.57 | 0.46 | 0.61 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,008,510K ÷ $2,792,900K
= 0.36
The debt-to-assets ratio of Sally Beauty Holdings Inc has remained relatively stable over the past few quarters, ranging from 0.36 to 0.40. This ratio indicates that the company has been maintaining a prudent level of debt relative to its total assets during this period.
A lower debt-to-assets ratio suggests that a company relies less on debt to finance its operations and investments, which can be advantageous in terms of financial stability and flexibility. On the other hand, a higher ratio may indicate a higher risk as more assets are financed with debt.
It is worth noting that there was a significant increase in the debt-to-assets ratio in the first quarter of 2022, reaching 0.51, but it has since decreased and fluctuated around the 0.40 mark. This fluctuation could be due to various factors such as changes in the company's borrowing activities, investments, or asset utilization.
Overall, based on the trend observed in the debt-to-assets ratio of Sally Beauty Holdings Inc, the company appears to have maintained a relatively moderate level of debt relative to its assets, which suggests a balanced approach to financial leverage.
Peer comparison
Sep 30, 2024