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

Company name
Symbol
Debt-to-assets ratio
National Vision Holdings Inc
EYE
0.20
STAAR Surgical Company
STAA
0.00
The Cooper Companies Inc.
COO
0.23