National Vision Holdings Inc (EYE)
Debt-to-assets ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 437,684 | 538,034 | 539,225 | 546,862 | 546,231 | 545,520 | 544,822 | 544,178 | 543,566 | 592,526 | 591,832 | 708,196 | 624,611 | 620,065 | 615,641 | — | 525,896 | — | — | — |
| Total assets | US$ in thousands | 2,172,510 | 2,266,430 | 2,333,930 | 2,312,370 | 2,291,250 | 2,291,740 | 2,278,340 | 2,325,490 | 2,293,090 | 2,405,470 | 2,369,220 | 2,419,840 | 2,333,500 | 2,307,510 | 2,219,040 | 2,218,750 | 2,032,720 | 2,078,420 | 2,071,840 | 2,053,090 |
| Debt-to-assets ratio | 0.20 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.24 | 0.25 | 0.25 | 0.29 | 0.27 | 0.27 | 0.28 | 0.00 | 0.26 | 0.00 | 0.00 | 0.00 |
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 fluctuations over the past years, ranging from 0.00 to 0.29 as of Dec 31, 2023. The ratio indicates the proportion of the company's assets financed by debt, with lower ratios suggesting lower financial risk and higher solvency.
From Dec 31, 2019, where the ratio was at 0.26 to Dec 31, 2023, the ratio has varied, reaching its peak at 0.29 in Jun 30, 2021, which could indicate increased reliance on debt financing during that period. However, it decreased to 0.20 as of Dec 31, 2023, suggesting a lower proportion of debt relative to assets at the end of 2023. This reduction may signify a more conservative debt management approach or increased asset base without corresponding debt increases.
Overall, monitoring the trend of the debt-to-assets ratio of National Vision Holdings Inc is crucial to understanding the company's leverage and risk profile in relation to its assets.
Peer comparison
Dec 31, 2023