Valvoline Inc (VVV)
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 | 1,070,000 | 1,125,700 | 951,300 | 1,556,800 | 1,562,300 | 1,567,800 | 1,573,400 | 1,656,100 | 1,525,100 | 1,639,000 | 1,648,000 | 1,662,000 | 1,639,700 | 1,691,000 | 1,719,000 | 1,887,000 | 1,962,000 | 1,953,000 | 2,003,000 | 1,320,000 |
| Total assets | US$ in thousands | 2,438,700 | 2,375,600 | 2,763,000 | 2,709,300 | 2,889,900 | 2,985,500 | 4,280,400 | 3,551,500 | 3,416,800 | 3,348,000 | 3,248,000 | 3,183,000 | 3,191,000 | 3,049,000 | 2,921,000 | 3,156,000 | 3,051,000 | 2,963,000 | 2,917,000 | 2,297,000 |
| Debt-to-assets ratio | 0.44 | 0.47 | 0.34 | 0.57 | 0.54 | 0.53 | 0.37 | 0.47 | 0.45 | 0.49 | 0.51 | 0.52 | 0.51 | 0.55 | 0.59 | 0.60 | 0.64 | 0.66 | 0.69 | 0.57 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,070,000K ÷ $2,438,700K
= 0.44
The debt-to-assets ratio of Valvoline Inc has shown some fluctuations over the past several quarters. The ratio ranged from 0.34 to 0.69 during the period from December 2019 to September 2024.
The trend indicates that Valvoline Inc has been managing its debt in relation to its assets fairly consistently, with some variation. A lower ratio suggests a lower level of debt relative to assets, reflecting a stronger financial position and lower risk. Conversely, a higher ratio indicates a higher proportion of debt compared to assets, which may indicate increased financial leverage and risk.
Overall, the debt-to-assets ratio for Valvoline Inc appears to have remained within a moderate range, which suggests a balance between leveraging its capital structure through debt and maintaining a healthy level of assets. It is important for the company to continue monitoring and managing its debt levels effectively to ensure financial stability and sustainability in the long term.
Peer comparison
Sep 30, 2024