Stock Analysis on Net
Stock Analysis on Net

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

$22.49

This company has been moved to the archive! The financial data has not been updated since August 9, 2024.

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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e.l.f. Beauty, Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Current portion of long-term debt and finance lease obligations
Accounts payable
Accrued expenses
Accrued inventory
Accrued marketing
Current portion of operating lease liabilities
Accrued compensation
Taxes payable
Other current liabilities
Accrued expenses and other current liabilities
Current liabilities
Long-term debt and finance lease obligations
Deferred tax liabilities
Long-term operating lease obligations
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, par value of $0.01 per share
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

The financial data reveal several notable trends in the company’s liabilities and equity over the five-year period ending March 31, 2024.

Current Liabilities
Current liabilities have shown a substantial increase overall, rising from approximately $51.1 million in 2020 to almost $299.1 million in 2024. This increase is largely driven by significant growth in the current portion of long-term debt and finance lease obligations, which surged dramatically in 2024 to over $100 million from a level below $16.3 million in 2021. Additionally, accounts payable have grown steadily each year, accelerating notably from $31.4 million in 2023 to over $81 million in 2024. Accrued expenses and other current liabilities also expanded sharply, more than doubling from $70.9 million in 2023 to nearly $117.7 million in 2024, with major contributions from accrued marketing, accrued inventory, and accrued compensation.
Long-term Liabilities
Long-term debt and finance lease obligations exhibit a fluctuating but generally downward trend from 2020 through 2023, decreasing from approximately $126.1 million to about $60.9 million. However, in 2024 this liability increased substantially to $161.8 million. Deferred tax liabilities have been steadily declining from nearly $21.9 million in 2020 to just under $3.7 million in 2024. Long-term operating lease obligations present some volatility, peaking around 2021 at $20.1 million, decreasing thereafter, but rising again in 2024 to $21.5 million. Overall, total long-term liabilities decreased from $159.8 million in 2020 to $76.6 million in 2023 before rising significantly to $187.6 million in 2024.
Total Liabilities
Total liabilities reflect a moderate increase from $210.9 million in 2020 to $217.7 million in 2021, then declined over the next two years to $182.2 million in 2022 and $184.6 million in 2023. A marked escalation occurred in 2024, with total liabilities more than doubling to $486.7 million, largely attributable to the sharp rises in current liabilities, especially current portions of long-term debt, and long-term debt obligations.
Stockholders’ Equity
Stockholders’ equity demonstrates a continuous upward trajectory throughout the period, growing from $242.2 million in 2020 to $642.6 million in 2024. This increase is supported by rising additional paid-in capital, which grew steadily each year from $753.2 million to $936.4 million. Simultaneously, accumulated deficit diminished significantly—improving from a negative $511.5 million in 2020 to a negative $294.3 million in 2024—indicating reduced net losses or increased profitability over time. The company recorded a minor accumulated other comprehensive loss of $50 thousand by 2024.
Balance Sheet Total
The total of liabilities and stockholders’ equity increased consistently, from $453.1 million in 2020 to $1.13 billion by 2024, reflecting an overall expansion in the company’s financial size and operational scale during these years.

In summary, the data indicate a company that experienced a significant rise in liabilities, particularly current liabilities and debt components, in the latest fiscal year, alongside a strengthening equity base. The reduction in accumulated deficit combined with increased paid-in capital supports an improving financial position despite elevated leverage levels. The pronounced increase in current liabilities in 2024 warrants attention for liquidity and debt management going forward.