Boot Barn Holdings Inc (BOOT)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 109,781 | 109,022 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 776,450 | 599,676 | 394,891 | 321,693 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.22 | 0.25 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $943,643K)
= 0.00
The debt-to-capital ratio of Boot Barn Holdings Inc has remained consistently low at 0.00 for the fiscal years ending March 31, 2024, March 31, 2023, and March 31, 2022. This indicates that the company has not utilized any debt to finance its operations and growth during these periods. However, it's worth noting that in the preceding years ending March 31, 2021 and March 31, 2020, the debt-to-capital ratio was 0.22 and 0.25 respectively, suggesting that the company had a higher level of debt relative to its capital structure in those years.
Overall, the recent trend of a decreasing debt-to-capital ratio implies that Boot Barn Holdings Inc has been successfully managing its debt levels and moving towards a more conservative capital structure. This may indicate a reduced financial risk and better financial health for the company in recent years.
Peer comparison
Mar 31, 2024