Boot Barn Holdings Inc (BOOT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.28 | 0.34 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $943,643K
= 0.00
The debt-to-equity ratio of Boot Barn Holdings Inc has shown a consistent trend of decreasing over the past five years, from 0.34 in March 2020 to 0.28 in March 2021, and subsequently to 0.00 from March 2022 to March 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt and its financing is entirely supported by equity. This signifies a strong financial position with lower financial risk, as the company is not reliant on debt to fund its operations. It may indicate that the company is effectively managing its capital structure by relying more on equity financing or has paid off its debt obligations. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive financial situation for Boot Barn Holdings Inc over the past five years.
Peer comparison
Mar 31, 2024