Scotts Miracle-Gro Company (SMG)
Debt-to-equity ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,174,200 | 2,557,400 | 2,826,200 | 2,236,700 | 1,455,100 |
| Total stockholders’ equity | US$ in thousands | -390,600 | -267,300 | 147,700 | 1,013,300 | 697,200 |
| Debt-to-equity ratio | — | — | 19.13 | 2.21 | 2.09 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,174,200K ÷ $-390,600K
= —
The debt-to-equity ratio of Scotts Miracle-Gro Company has shown a significant increase over the past three years, from 2.09 in 2020 to 19.13 in 2022. This indicates a notable shift in the company's capital structure towards a higher reliance on debt for financing its operations and growth.
The lack of data for the years 2023 and 2024 makes it challenging to provide a precise trend analysis. However, the absence of a debt-to-equity ratio for these years suggests that there may have been significant changes in the company's financial structure or reporting practices during this period.
Overall, the substantial increase in the debt-to-equity ratio from 2020 to 2022 raises concerns about Scotts Miracle-Gro's increasing leverage and potential risks associated with higher debt levels. It would be advisable for investors and stakeholders to closely monitor the company's debt management strategies and financial health to assess the impact of this changing capital structure on its overall stability and performance.
Peer comparison
Sep 30, 2024