Deckers Outdoor Corporation (DECK)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,135,580 | 2,556,200 | 2,332,250 | 2,167,700 | 1,765,120 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,135,580K
= 0.00
Deckers Outdoor Corporation has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, indicating that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total assets are entirely funded by equity rather than debt. This may suggest that Deckers Outdoor Corporation has a strong financial position with a low level of financial risk associated with debt obligations. It also indicates that the company may have sufficient internal resources or cash flows to support its operations and investment activities without relying on external borrowing. Overall, a debt-to-assets ratio of 0.00 reflects a conservative financial strategy and a solid balance sheet position for Deckers Outdoor Corporation.
Peer comparison
Mar 31, 2024