Columbia Sportswear Company (COLM)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,938,610	1,935,790	1,989,250	1,832,770	1,849,450
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,938,610K)
= 0.00

Based on the data provided, it appears that Columbia Sportswear Co. has maintained a consistent debt-to-capital ratio of 0.00 for the past five years up to December 31, 2023. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt as a source of financing relative to its overall capital structure. This suggests that Columbia Sportswear Co. has relied primarily on equity financing to fund its operations and investments during this period.

A debt-to-capital ratio of 0.00 can be viewed positively by investors and creditors as it signifies a low level of financial leverage and a strong financial position. It indicates that the company is not overly reliant on debt to support its operations and is effectively managing its capital structure. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-capital ratio to gain a comprehensive understanding of the company's financial health and risk profile.