Sally Beauty Holdings Inc (SBH)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 628,535 | 577,670 | 550,850 | 541,340 | 508,748 | 487,712 | 425,888 | 373,298 | 293,636 | 295,871 | 271,866 | 281,021 | 280,741 | 222,270 | 134,833 | 98,866 | 15,443 | -69,133 | -53,195 | 2,199 |
| Debt-to-equity ratio | 1.60 | 1.71 | 1.79 | 1.99 | 2.09 | 2.19 | 2.50 | 2.83 | 3.53 | 3.52 | 5.17 | 5.06 | 5.10 | 6.49 | 12.28 | 18.88 | 118.96 | — | — | 738.50 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,008,510K ÷ $628,535K
= 1.60
The debt-to-equity ratio of Sally Beauty Holdings Inc has shown a fluctuating trend over the specified periods. It indicates the proportion of the company's total debt relative to its shareholders' equity.
The ratio has ranged from 1.60 to 738.50 over the past years, with significant fluctuations observed. It started at a moderate level in 2019, gradually increasing to very high levels in subsequent periods, peaking at 738.50. Such a high ratio in some periods could be a cause for concern as it suggests a higher level of debt in comparison to equity.
Overall, the trend indicates that the company has been relying heavily on debt to finance its operations and investment activities. High debt levels can pose risks such as increased interest payments and financial distress. It is important for stakeholders to monitor the trend and assess the company's ability to manage its debt obligations effectively.
Peer comparison
Sep 30, 2024