Columbia Sportswear Company (COLM)

Debt-to-capital ratio

		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	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,938,610	1,895,310	1,874,660	1,947,780	1,935,790	1,814,800	1,731,720	1,818,900	1,989,250	1,880,320	1,861,660	1,868,810	1,832,770	1,722,820	1,652,830	1,696,590	1,849,450	1,747,110	1,655,190	1,720,650
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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, Columbia Sportswear Co. has consistently maintained a debt-to-capital ratio of 0.00 across all quarters in 2022 and 2023. A debt-to-capital ratio of 0 indicates that the company has no debt in its capital structure, resulting in a financial position where the company is not reliant on borrowed funds to finance its operations. This implies that the company's capital structure is primarily composed of equity, which can be viewed positively as it suggests a lower financial risk and potentially greater financial stability. It also indicates that the company may have strong cash flows or access to other funding sources for its operational and investment needs. However, it is important to consider other financial ratios and qualitative factors to assess the overall financial health and risk profile of Columbia Sportswear Co.