National Vision Holdings Inc (EYE)

Debt-to-capital 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 stockholders’ equity US$ in thousands 829,418 840,352 908,412 896,726 901,113 906,925 891,669 950,726 925,980 988,557 938,337 887,532 906,502 864,963 820,939 786,160 776,437 765,471 774,434 762,580
Debt-to-capital ratio 0.35 0.39 0.37 0.38 0.38 0.38 0.38 0.36 0.37 0.37 0.39 0.44 0.41 0.42 0.43 0.00 0.40 0.00 0.00 0.00

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 exhibited some fluctuations over the past few quarters. The ratio indicates the proportion of debt relative to the total capital employed in the company.

From the data provided:
- The ratio ranged between 0.35 to 0.44 from Dec 2020 to Mar 2021, showing a slight increase in debt relative to capital during this period.
- There was a significant decrease in the ratio in Mar 2020, dropping to 0.00, which could indicate a temporary reduction in debt or an increase in capital.
- There is an inconsistency in the data for the periods ending Mar, Jun, and Sep 2019, with the ratio showing as 0.00, possibly due to data recording issues or specific circumstances in those quarters.

Overall, the debt-to-capital ratio for National Vision Holdings Inc has shown some variability but has generally been within the range of 0.35 to 0.44, suggesting the company has maintained a moderate level of debt relative to its capital structure.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
National Vision Holdings Inc
EYE
0.35
STAAR Surgical Company
STAA
0.00
The Cooper Companies Inc.
COO
0.26