Boot Barn Holdings Inc (BOOT)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 49,399 | 49,314 | 109,781 | 109,591 | 109,402 | 109,212 | 109,022 | 108,832 | 108,642 | 108,464 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 910,945 | 852,386 | 813,696 | 776,450 | 729,210 | 673,937 | 639,534 | 599,676 | 553,279 | 481,257 | 439,877 | 394,891 | 362,608 | 330,034 | 322,546 | 321,693 | 313,939 | 285,149 | 275,695 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.10 | 0.22 | 0.23 | 0.25 | 0.25 | 0.25 | 0.26 | 0.28 | 0.28 |
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 been relatively stable at low levels from March 2019 to December 2023, fluctuating between 0.00 to 0.28. This indicates that the company has maintained a conservative approach to utilizing debt in its capital structure. The ratio remained at minimal levels in the recent quarters, reflecting a lower reliance on debt financing compared to equity. However, there was a slight increase in the ratio from 0.09 in September 2021 to 0.28 in December 2023, indicating a higher proportion of debt in the capital structure during this period. Overall, the historical trend suggests that Boot Barn Holdings has managed its debt levels prudently and has a balanced mix of debt and equity in its capital structure.
Peer comparison
Mar 31, 2024