Deckers Outdoor Corporation (DECK)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,135,580 | 3,347,460 | 2,848,530 | 2,847,900 | 2,556,200 | 2,809,290 | 2,466,350 | 2,513,250 | 2,332,250 | 2,547,570 | 2,410,430 | 2,291,260 | 2,167,700 | 2,387,850 | 2,050,350 | 1,848,570 | 1,765,120 | 1,888,350 | 1,691,660 | 1,751,060 |
| Total stockholders’ equity | US$ in thousands | 2,107,470 | 2,104,190 | 1,795,130 | 1,802,120 | 1,765,730 | 1,769,170 | 1,515,840 | 1,472,410 | 1,538,820 | 1,564,740 | 1,463,750 | 1,418,990 | 1,444,220 | 1,520,120 | 1,242,960 | 1,136,930 | 1,140,120 | 1,123,750 | 916,304 | 995,279 |
| Financial leverage ratio | 1.49 | 1.59 | 1.59 | 1.58 | 1.45 | 1.59 | 1.63 | 1.71 | 1.52 | 1.63 | 1.65 | 1.61 | 1.50 | 1.57 | 1.65 | 1.63 | 1.55 | 1.68 | 1.85 | 1.76 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,135,580K ÷ $2,107,470K
= 1.49
The financial leverage ratio of Deckers Outdoor Corporation has displayed fluctuations over the past few quarters, ranging from 1.45 to 1.71. The ratio indicates the proportion of the company's total assets that are financed by its creditors rather than its shareholders. A higher financial leverage ratio suggests that a company is relying more on debt to fund its operations and growth, which could potentially lead to higher risks and financial obligations.
Deckers Outdoor Corporation's financial leverage ratio has seen a noticeable decrease in the most recent quarter, from 1.59 to 1.49. This decline may indicate a reduction in the level of debt relative to the company's assets, potentially signaling a more conservative approach to financing. However, it is essential to monitor this trend over time to assess the long-term implications on the company's financial stability and performance. Fluctuations in the financial leverage ratio can provide insights into the company's capital structure strategy and its ability to manage debt efficiently.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Financial Leverage (Quarterly Data)