Carter’s Inc (CRI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,433,170 | 2,378,610 | 2,439,720 | 3,188,000 | 3,392,580 |
| Total stockholders’ equity | US$ in thousands | 854,562 | 845,250 | 796,409 | 950,186 | 938,033 |
| Financial leverage ratio | 2.85 | 2.81 | 3.06 | 3.36 | 3.62 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,433,170K ÷ $854,562K
= 2.85
The financial leverage ratio of Carter’s Inc has shown a declining trend over the past five years, decreasing from 3.62 in December 2020 to 2.85 in December 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. Lower financial leverage ratios suggest a lower level of financial risk and greater financial stability for the company. Overall, Carter’s Inc has effectively managed its debt levels, leading to a stronger financial position over the years.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Carter’s Inc
CRI
2.85
Columbia Sportswear Company
COLM
1.52
G-III Apparel Group Ltd
GIII
1.73
Lululemon Athletica Inc.
LULU
1.68
Under Armour Inc A
UAA
2.21
Under Armour Inc C
UA
2.21