Carter’s Inc (CRI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 498,127 | 497,354 | 616,624 | 991,370 | 989,530 |
| Total assets | US$ in thousands | 2,433,170 | 2,378,610 | 2,439,720 | 3,188,000 | 3,392,580 |
| Debt-to-assets ratio | 0.20 | 0.21 | 0.25 | 0.31 | 0.29 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $498,127K ÷ $2,433,170K
= 0.20
The debt-to-assets ratio for Carter’s Inc has shown a declining trend from 2020 to 2024, indicating a decreasing reliance on debt to finance its assets. This ratio decreased from 0.29 in 2020 to 0.20 in 2024, suggesting that the company has been effectively managing its debt levels in relation to its asset base over the years. A lower debt-to-assets ratio generally signifies lower financial risk and indicates that a larger portion of the company's assets is financed by equity rather than debt. Overall, the downward trend in the debt-to-assets ratio for Carter’s Inc is a positive indicator of the company's financial health and prudent debt management practices.
Peer comparison
Dec 31, 2024