National Vision Holdings Inc (EYE)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 437,684 | 546,231 | 543,566 | 624,611 | 525,896 |
| Total assets | US$ in thousands | 2,172,510 | 2,291,250 | 2,293,090 | 2,333,500 | 2,032,720 |
| Debt-to-assets ratio | 0.20 | 0.24 | 0.24 | 0.27 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $437,684K ÷ $2,172,510K
= 0.20
The debt-to-assets ratio of National Vision Holdings Inc has shown a decreasing trend over the past five years, indicating a relatively lower reliance on debt to finance its operations and investments. As of December 31, 2023, the ratio stands at 0.20, which suggests that 20% of the company's total assets are financed by debt. This downward trend in the ratio implies that the company may be gradually improving its financial stability and potentially reducing its financial risk over time. It indicates a prudent approach to managing its capital structure and debt levels, which could be viewed positively by investors and creditors. However, it is essential to consider other factors such as the cost of debt, interest rate environment, and the company's overall financial health when evaluating the significance of this trend.
Peer comparison
Dec 31, 2023