Deckers Outdoor Corporation (DECK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Deckers Outdoor Corporation's solvency ratios, as indicated by the debt-to-assets, debt-to-capital, and debt-to-equity ratios, show consistent zeros across the periods provided. This suggests that the company has not taken on any debt relative to its assets, capital, or equity during the time frame.
However, when looking at the financial leverage ratio, which indicates the extent of a company's financial leverage, we observe fluctuations over the period. The financial leverage ratio ranged from 1.45 to 1.85, indicating varying levels of debt and financial risk during these periods. A higher financial leverage ratio indicates higher levels of debt in the company's capital structure, which can increase financial risk.
Overall, the analysis suggests that Deckers Outdoor Corporation has maintained a low debt level in relation to its assets, capital, and equity, but there have been fluctuations in the extent of financial leverage, highlighting changing levels of financial risk over the periods examined.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 316.88 | 284.63 | 226.82 | 196.51 | 189.64 | 158.22 | 146.53 | 151.59 | 159.84 | 98.15 | 105.35 | 100.06 | 83.64 | 83.22 | 82.44 | 71.09 | 67.01 | 123.33 | 92.32 | 87.76 |
Deckers Outdoor Corporation's interest coverage ratio has shown a generally improving trend over the past quarters. The interest coverage ratio measures the company's ability to pay its interest expenses using its operating income. A higher ratio indicates that the company has more earnings available to cover its interest obligations.
Based on the data provided, Deckers Outdoor Corporation's interest coverage ratio has been consistently strong, with ratios well above 1, indicating the company has sufficient operating income to cover its interest expenses. The ratio has increased steadily from 87.76 in June 2019 to a peak of 316.88 in March 2024, signifying a significant improvement in the company's ability to service its debt over the period.
The consistent improvement in the interest coverage ratio suggests that Deckers Outdoor Corporation is effectively managing its debt obligations and generating healthy operating income. Investors and creditors often view a high interest coverage ratio positively as it indicates financial health and reduced default risk.
Overall, the trend in Deckers Outdoor Corporation's interest coverage ratio indicates a strong and improving financial position, with the company demonstrating a solid ability to meet its interest payments through its operational earnings.
See also:
Deckers Outdoor Corporation Solvency Ratios (Quarterly Data)