Carter’s Inc (CRI)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Long-term debt US$ in thousands 498,127 497,930 497,735 497,543 497,354 567,168 496,984 576,803 616,624 736,448 616,275 496,104 991,370 990,900 990,437 989,980 989,530 989,086 1,232,650 1,238,820
Total assets US$ in thousands 2,433,170 2,378,380 2,355,520 2,285,520 2,378,610 2,319,810 2,288,470 2,283,330 2,439,720 2,597,950 2,560,650 2,948,080 3,188,000 3,294,260 3,315,930 3,310,470 3,392,580 3,281,620 3,412,630 3,153,500
Debt-to-assets ratio 0.20 0.21 0.21 0.22 0.21 0.24 0.22 0.25 0.25 0.28 0.24 0.17 0.31 0.30 0.30 0.30 0.29 0.30 0.36 0.39

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $498,127K ÷ $2,433,170K
= 0.20

As of December 31, 2024, Carter’s Inc has a debt-to-assets ratio of 0.20, indicating that the company finances 20% of its assets through debt. The trend of the debt-to-assets ratio for Carter’s Inc has shown a gradual decrease from 0.39 in March 2020 to 0.20 in December 2024. This decreasing trend suggests that the company has been successful in reducing its reliance on debt to fund its operations and investments over the years. A lower debt-to-assets ratio generally signifies a lower financial risk and greater financial stability for the company, as it indicates a higher proportion of assets being financed through equity rather than debt.