Fox Factory Holding Corp (FOXF)
Debt-to-assets 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 | 373,528 | — | — | — | 0 | 0 | 0 | 356,288 | 360,953 | 365,615 | 370,275 | 374,933 | 377,088 | 379,242 | 381,393 | 385,404 | 0 | 0 | 0 | 51,123 |
| Total assets | US$ in thousands | 2,242,300 | 1,674,360 | 1,793,760 | 1,824,430 | 1,618,340 | 1,677,860 | 1,718,220 | 1,664,020 | 1,515,730 | 1,513,530 | 1,453,990 | 1,357,100 | 1,286,560 | 1,260,530 | 1,185,200 | 1,068,700 | 609,316 | 600,569 | 579,773 | 542,312 |
| Debt-to-assets ratio | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.24 | 0.24 | 0.25 | 0.28 | 0.29 | 0.30 | 0.32 | 0.36 | 0.00 | 0.00 | 0.00 | 0.09 |
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 shown fluctuation over the past few quarters. As of December 31, 2023, the ratio stands at 0.17, indicating that the company's total debt represents 17% of its total assets.
In the previous quarters, the debt-to-assets ratio was relatively low, with values of 0.00 reported for September 2023, June 2023, March 2023, and earlier periods. This suggests that the company had very little to no debt compared to its total assets during those periods.
However, there were spikes in the ratio in prior periods, notably reaching 0.36 in March 2020, 0.32 in June 2020, and 0.29 in September 2020. These higher ratios indicate that Fox Factory Holding Corp had a higher proportion of debt relative to its total assets during those particular quarters.
Overall, the trend in the debt-to-assets ratio suggests that Fox Factory Holding Corp has managed its debt levels effectively, maintaining a relatively low level of debt compared to its total assets in recent quarters. Investors and stakeholders may find this aspect reassuring as it implies lower financial risk and better financial stability for the company.
Peer comparison
Dec 31, 2023