Fox Factory Holding Corp (FOXF)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,201,180 | 1,221,760 | 1,121,390 | 894,082 | 719,171 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,201,180K)
= 0.00
The debt-to-capital ratio for Fox Factory Holding Corp has remained at 0.00 for the years ending December 31, 2020 through December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that all the company's capital has been funded by equity rather than debt, suggesting a conservative financial strategy with lower financial risk and potentially lower interest expenses. While no debt can sometimes limit the company's growth or financial flexibility, it may also indicate a strong financial position and stability. Further analysis of the company's capital structure and overall financial health would be necessary to fully understand the implications of this consistent debt-to-capital ratio of 0.00 over the years.
Peer comparison
Dec 31, 2024