Stock Analysis on Net

e.l.f. Beauty, Inc. (NYSE:ELF)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

e.l.f. Beauty, Inc., solvency ratios (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Debt Ratios
Debt to equity 0.37 0.41 0.43 0.12 0.14 0.16 0.18 0.26 0.29 0.31 0.32 0.38 0.45 0.47 0.49 0.52 0.55 0.57 0.58 0.62 0.66
Debt to equity (including operating lease liability) 0.42 0.44 0.47 0.15 0.16 0.19 0.21 0.30 0.33 0.36 0.38 0.45 0.52 0.54 0.56 0.60 0.59 0.62 0.60 0.65 0.72
Debt to capital 0.27 0.29 0.30 0.11 0.12 0.14 0.15 0.21 0.22 0.24 0.24 0.28 0.31 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.40
Debt to capital (including operating lease liability) 0.30 0.31 0.32 0.13 0.14 0.16 0.17 0.23 0.25 0.26 0.27 0.31 0.34 0.35 0.36 0.37 0.37 0.38 0.38 0.39 0.42
Debt to assets 0.22 0.23 0.24 0.08 0.10 0.11 0.12 0.17 0.19 0.20 0.20 0.23 0.26 0.26 0.27 0.28 0.29 0.31 0.31 0.33 0.34
Debt to assets (including operating lease liability) 0.25 0.25 0.26 0.10 0.11 0.13 0.14 0.20 0.21 0.23 0.23 0.27 0.29 0.30 0.31 0.32 0.32 0.33 0.32 0.34 0.37
Financial leverage 1.71 1.76 1.80 1.45 1.39 1.45 1.44 1.52 1.54 1.58 1.61 1.68 1.76 1.81 1.82 1.86 1.86 1.87 1.88 1.89 1.96

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. e.l.f. Beauty, Inc. debt to equity ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. e.l.f. Beauty, Inc. debt to equity ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. e.l.f. Beauty, Inc. debt to capital ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. e.l.f. Beauty, Inc. debt to capital ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. e.l.f. Beauty, Inc. debt to assets ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. e.l.f. Beauty, Inc. debt to assets ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. e.l.f. Beauty, Inc. financial leverage ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Equity

e.l.f. Beauty, Inc., debt to equity calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
 
Stockholders’ equity 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Solvency Ratio
Debt to equity1 0.37 0.41 0.43 0.12 0.14 0.16 0.18 0.26 0.29 0.31 0.32 0.38 0.45 0.47 0.49 0.52 0.55 0.57 0.58 0.62 0.66
Benchmarks
Debt to Equity, Competitors2
Procter & Gamble Co. 0.65 0.64 0.69 0.75 0.74 0.81 0.78 0.75 0.68 0.74 0.80 0.71 0.69 0.64 0.65 0.66 0.75 0.79 0.62 0.63

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 262,172 ÷ 703,590 = 0.37

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. e.l.f. Beauty, Inc. debt to equity ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Equity (including Operating Lease Liability)

e.l.f. Beauty, Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
Long-term operating lease obligations 33,637 21,459 21,720 14,559 10,137 11,201 12,329 13,440 14,637 15,744 16,659 17,919 19,053 20,084 18,370 19,185 11,400 11,239 5,084 5,846 13,945
Total debt (including operating lease liability) 295,809 283,585 286,517 77,522 75,180 77,657 80,196 107,525 110,114 112,610 114,913 131,038 146,554 146,620 148,041 151,981 147,288 149,895 146,259 149,533 160,137
 
Stockholders’ equity 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Solvency Ratio
Debt to equity (including operating lease liability)1 0.42 0.44 0.47 0.15 0.16 0.19 0.21 0.30 0.33 0.36 0.38 0.45 0.52 0.54 0.56 0.60 0.59 0.62 0.60 0.65 0.72

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 295,809 ÷ 703,590 = 0.42

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. e.l.f. Beauty, Inc. debt to equity ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Capital

e.l.f. Beauty, Inc., debt to capital calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
Stockholders’ equity 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Total capital 965,762 904,698 879,021 579,391 536,745 477,473 453,171 451,045 428,926 409,295 403,722 407,212 410,123 396,182 394,273 387,449 384,596 380,827 383,622 375,375 368,200
Solvency Ratio
Debt to capital1 0.27 0.29 0.30 0.11 0.12 0.14 0.15 0.21 0.22 0.24 0.24 0.28 0.31 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.40
Benchmarks
Debt to Capital, Competitors2
Procter & Gamble Co. 0.39 0.39 0.41 0.43 0.43 0.45 0.44 0.43 0.40 0.43 0.44 0.41 0.41 0.39 0.39 0.40 0.43 0.44 0.38 0.39

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 262,172 ÷ 965,762 = 0.27

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. e.l.f. Beauty, Inc. debt to capital ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Capital (including Operating Lease Liability)

e.l.f. Beauty, Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
Long-term operating lease obligations 33,637 21,459 21,720 14,559 10,137 11,201 12,329 13,440 14,637 15,744 16,659 17,919 19,053 20,084 18,370 19,185 11,400 11,239 5,084 5,846 13,945
Total debt (including operating lease liability) 295,809 283,585 286,517 77,522 75,180 77,657 80,196 107,525 110,114 112,610 114,913 131,038 146,554 146,620 148,041 151,981 147,288 149,895 146,259 149,533 160,137
Stockholders’ equity 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Total capital (including operating lease liability) 999,399 926,157 900,741 593,950 546,882 488,674 465,500 464,485 443,563 425,039 420,381 425,131 429,176 416,266 412,643 406,634 395,996 392,066 388,706 381,221 382,145
Solvency Ratio
Debt to capital (including operating lease liability)1 0.30 0.31 0.32 0.13 0.14 0.16 0.17 0.23 0.25 0.26 0.27 0.31 0.34 0.35 0.36 0.37 0.37 0.38 0.38 0.39 0.42

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 295,809 ÷ 999,399 = 0.30

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. e.l.f. Beauty, Inc. debt to capital ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Assets

e.l.f. Beauty, Inc., debt to assets calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
 
Total assets 1,204,832 1,129,247 1,108,284 746,936 657,881 595,601 555,925 542,141 513,857 494,632 490,950 493,012 498,392 487,393 480,905 473,424 462,068 453,104 456,251 437,027 435,981
Solvency Ratio
Debt to assets1 0.22 0.23 0.24 0.08 0.10 0.11 0.12 0.17 0.19 0.20 0.20 0.23 0.26 0.26 0.27 0.28 0.29 0.31 0.31 0.33 0.34
Benchmarks
Debt to Assets, Competitors2
Procter & Gamble Co. 0.27 0.27 0.28 0.29 0.29 0.31 0.30 0.28 0.27 0.28 0.29 0.27 0.27 0.26 0.26 0.26 0.29 0.30 0.25 0.26

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 262,172 ÷ 1,204,832 = 0.22

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. e.l.f. Beauty, Inc. debt to assets ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Debt to Assets (including Operating Lease Liability)

e.l.f. Beauty, Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and finance lease obligations 102,938 100,307 100,394 5,228 5,431 5,575 5,690 5,801 5,793 5,786 5,780 19,254 32,247 16,281 15,250 14,219 13,187 12,568 11,939 11,310 10,681
Long-term debt and finance lease obligations 159,234 161,819 164,403 57,735 59,612 60,881 62,177 88,284 89,684 91,080 92,474 93,865 95,254 110,255 114,421 118,577 122,701 126,088 129,236 132,377 135,511
Total debt 262,172 262,126 264,797 62,963 65,043 66,456 67,867 94,085 95,477 96,866 98,254 113,119 127,501 126,536 129,671 132,796 135,888 138,656 141,175 143,687 146,192
Long-term operating lease obligations 33,637 21,459 21,720 14,559 10,137 11,201 12,329 13,440 14,637 15,744 16,659 17,919 19,053 20,084 18,370 19,185 11,400 11,239 5,084 5,846 13,945
Total debt (including operating lease liability) 295,809 283,585 286,517 77,522 75,180 77,657 80,196 107,525 110,114 112,610 114,913 131,038 146,554 146,620 148,041 151,981 147,288 149,895 146,259 149,533 160,137
 
Total assets 1,204,832 1,129,247 1,108,284 746,936 657,881 595,601 555,925 542,141 513,857 494,632 490,950 493,012 498,392 487,393 480,905 473,424 462,068 453,104 456,251 437,027 435,981
Solvency Ratio
Debt to assets (including operating lease liability)1 0.25 0.25 0.26 0.10 0.11 0.13 0.14 0.20 0.21 0.23 0.23 0.27 0.29 0.30 0.31 0.32 0.32 0.33 0.32 0.34 0.37

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 295,809 ÷ 1,204,832 = 0.25

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. e.l.f. Beauty, Inc. debt to assets ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Financial Leverage

e.l.f. Beauty, Inc., financial leverage calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Total assets 1,204,832 1,129,247 1,108,284 746,936 657,881 595,601 555,925 542,141 513,857 494,632 490,950 493,012 498,392 487,393 480,905 473,424 462,068 453,104 456,251 437,027 435,981
Stockholders’ equity 703,590 642,572 614,224 516,428 471,702 411,017 385,304 356,960 333,449 312,429 305,468 294,093 282,622 269,646 264,602 254,653 248,708 242,171 242,447 231,688 222,008
Solvency Ratio
Financial leverage1 1.71 1.76 1.80 1.45 1.39 1.45 1.44 1.52 1.54 1.58 1.61 1.68 1.76 1.81 1.82 1.86 1.86 1.87 1.88 1.89 1.96
Benchmarks
Financial Leverage, Competitors2
Procter & Gamble Co. 2.43 2.39 2.49 2.57 2.58 2.66 2.65 2.64 2.52 2.64 2.72 2.60 2.57 2.51 2.49 2.49 2.59 2.60 2.45 2.45

Based on: 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30).

1 Q1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 1,204,832 ÷ 703,590 = 1.71

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. e.l.f. Beauty, Inc. financial leverage ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.