Boot Barn Holdings Inc (BOOT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.11 | 0.28 | 0.30 | 0.33 | 0.34 | 0.34 | 0.35 | 0.38 | 0.39 |
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 been relatively stable and low, with values close to zero for most recent quarters. This indicates that the company has been relying more on equity financing rather than debt to fund its operations and growth. However, there was a slight increase in the ratio from the third quarter of 2021 to the first quarter of 2022, reaching 0.10 and then gradually increasing to 0.39 by the third quarter of 2019. This suggests that the company might have taken on more debt relative to equity during this period. Further investigation into the specific reasons behind this trend would be needed to provide a more in-depth analysis.
Peer comparison
Mar 31, 2024