Fox Factory Holding Corp (FOXF)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,232,310 | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,232,310K
= 0.00
Based on the data provided for Fox Factory Holding Corp, the debt-to-assets ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which could imply a lower financial risk and strong financial position. However, it is essential to note that a very low debt-to-assets ratio may also indicate a missed opportunity to leverage debt for potential growth or tax benefits. Further analysis of the company's capital structure and the reasons behind the consistently low ratio would provide a more in-depth understanding of Fox Factory Holding Corp's financial strategy and risk management.
Peer comparison
Dec 31, 2024