Columbia Sportswear Company (COLM)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,780,040	1,938,610	1,935,790	1,989,250	1,832,770
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,780,040K)
= 0.00

The debt-to-capital ratio for Columbia Sportswear Company has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations relative to its total capital structure during this period. A lower debt-to-capital ratio suggests lower financial risk and greater financial stability, as the company is not heavily reliant on borrowing. However, it is essential to consider that a zero ratio may also indicate that the company has not utilized debt financing for potential growth opportunities or may have substantial cash reserves to fund its operations. Further analysis of the company's financial strategy and overall performance is recommended to gain a more comprehensive understanding of its capital structure and financial decisions.