Fox Factory Holding Corp (FOXF)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,201,180K
= 0.00
Based on the data provided, Fox Factory Holding Corp has consistently maintained a debt-to-equity ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations during this period and has relied solely on equity financing.
A debt-to-equity ratio of 0.00 suggests that Fox Factory Holding Corp has a conservative financial structure with no debt obligations relative to its equity. This could be seen as a positive sign as it indicates a lower financial risk due to the absence of debt-related interest payments and principal repayments.
Furthermore, a debt-to-equity ratio of 0.00 may also imply that the company has sufficient internal funds or equity capital to support its growth and operational needs without resorting to external borrowing. This may provide Fox Factory Holding Corp with greater financial flexibility and stability to weather economic downturns or industry challenges.
Overall, based on the consistent 0.00 debt-to-equity ratio over the five-year period, Fox Factory Holding Corp appears to have a strong and stable financial position with a low dependency on debt financing.
Peer comparison
Dec 31, 2024