Elanco Animal Health (Elanco Animal Health) Debt-to-Equity

Elanco Animal Health Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity						0.43	0.72	0.84	0.80	0.93

Elanco Animal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.80	0.81	0.82	0.96	0.93

For the Drug Manufacturers - Specialty & Generic subindustry, Elanco Animal Health's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

For the Drug Manufacturers industry and Healthcare sector, Elanco Animal Health's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Elanco Animal Health's Debt-to-Equity falls into.

Elanco Animal Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elanco Animal Health's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Elanco Animal Health's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Elanco Animal Health  (NYSE:ELAN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Elanco Animal Health Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Elanco Animal Health's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Elanco Animal Health (Elanco Animal Health) Business Description