Fox Factory Holding Corp (FOXF)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,201,180 | 1,197,060 | 1,196,380 | 1,192,490 | 1,221,760 | 1,241,300 | 1,205,800 | 1,164,250 | 1,121,390 | 1,055,130 | 1,001,930 | 949,084 | 894,082 | 850,040 | 804,369 | 762,291 | 719,171 | 683,927 | 633,064 | 429,706 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt significantly to fund its operations or growth, as the ratio measures the proportion of debt in relation to the total capital employed in the business.
A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly composed of equity rather than debt. This can be viewed positively by investors and creditors as it indicates a lower financial risk since the company is not heavily leveraged. Additionally, a low debt-to-capital ratio may signify greater financial stability and flexibility for the company, as it is not burdened with high debt obligations that could potentially strain its cash flows in the long term.
Overall, Fox Factory Holding Corp's consistent debt-to-capital ratio of 0.00 over the analyzed period reflects a conservative approach to managing its capital structure and financial risk, which could potentially enhance the company's resilience in varying market conditions.
Peer comparison
Dec 31, 2024