National Vision Holdings Inc (EYE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 829,418 | 901,113 | 925,980 | 906,502 | 776,437 |
| Debt-to-capital ratio | 0.35 | 0.38 | 0.37 | 0.41 | 0.40 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $437,684K ÷ ($437,684K + $829,418K)
= 0.35
The debt-to-capital ratio of National Vision Holdings Inc has shown a fluctuating trend over the past five years. The ratio decreased from 0.41 in 2020 to 0.37 in 2021, indicating a reduction in the company's reliance on debt to finance its operations relative to its total capital. However, in the subsequent years, the ratio increased slightly to 0.38 in 2022 and then to 0.35 in 2023.
Overall, the company's debt-to-capital ratio has generally remained within a moderate range, suggesting a balanced capital structure with a significant portion of the company's capital being financed through debt. It is important to monitor this ratio over time to assess the company's financial leverage and its ability to meet its debt obligations.
Peer comparison
Dec 31, 2023