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