Carter’s Inc (CRI)

Debt-to-assets 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	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	594,672	769,525	604,377	625,278
Total assets	US$ in thousands	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	2,753,120	2,899,580	2,747,160	2,679,940
Debt-to-assets ratio		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	0.22	0.27	0.22	0.23

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $497,354K ÷ $2,378,610K
= 0.21

The debt-to-assets ratio of Carter’s Inc has fluctuated over the past few quarters. The ratio ranged from 0.17 to 0.39 during the period under review. A decreasing ratio indicates that the company is relying less on debt financing relative to its total assets, which may be a positive sign for investors and creditors as it signifies a stronger financial position and less financial risk.

It is noteworthy that the ratio was at its lowest at 0.17 in March 31, 2022, suggesting that the company had a lower proportion of debt relative to its assets at that time. However, the ratio increased to 0.39 by March 31, 2020, indicating a higher reliance on debt financing in proportion to its assets.

Overall, the trend in the debt-to-assets ratio for Carter’s Inc shows some volatility with no clear pattern. It will be important to monitor this ratio in future periods to assess the company's ability to manage its debt levels effectively.