Fox Factory Holding Corp (FOXF)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 373,528 | 0 | 360,953 | 377,088 | 0 |
| Total assets | US$ in thousands | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 | 609,316 |
| Debt-to-assets ratio | 0.17 | 0.00 | 0.24 | 0.29 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $373,528K ÷ $2,242,300K
= 0.17
The debt-to-assets ratio of Fox Factory Holding Corp has varied over the past five years. In 2023, the ratio stood at 0.17, indicating that 17% of the company's total assets were funded by debt. This represents a slight increase from the previous year, where the ratio was 0.00, implying no debt financing of assets in 2022. The ratio was higher in 2021 at 0.24 and 2020 at 0.29, suggesting that a higher proportion of the company's assets were financed by debt in those years. However, in 2019, the ratio was 0.00, indicating no debt financing of assets that year.
Overall, the trend in the debt-to-assets ratio shows fluctuations, with periods of both debt and debt-free funding of assets. It is important to continue monitoring this ratio to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023