Carter’s Inc (CRI)

Debt-to-capital 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 stockholders’ equity US$ in thousands 854,562 829,340 811,750 841,353 845,250 785,311 775,009 797,893 796,409 788,202 820,866 915,290 950,186 1,054,870 1,097,500 1,029,610 938,033 821,881 733,278 716,002
Debt-to-capital ratio 0.37 0.38 0.38 0.37 0.37 0.42 0.39 0.42 0.44 0.48 0.43 0.35 0.51 0.48 0.47 0.49 0.51 0.55 0.63 0.63

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $498,127K ÷ ($498,127K + $854,562K)
= 0.37

Carter’s Inc has maintained a relatively stable debt-to-capital ratio over the past few years, with a gradual decrease from 0.63 in March 2020 to 0.37 in December 2024. This indicates that the company's level of debt in relation to its total capital has declined over the period, reflecting improved financial health and reduced dependency on debt financing. The ratio reached its lowest point of 0.35 in March 2022, suggesting a temporary reduction in debt relative to total capital. Overall, the downward trend in the debt-to-capital ratio for Carter’s Inc signifies a positive shift towards a more sustainable capital structure.