MarineMax Inc (HZO)
Debt-to-equity ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 355,906 | 389,231 | 45,301 | 47,498 | 7,343 |
| Total stockholders’ equity | US$ in thousands | 975,795 | 915,843 | 782,666 | 594,892 | 455,397 |
| Debt-to-equity ratio | 0.36 | 0.42 | 0.06 | 0.08 | 0.02 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $355,906K ÷ $975,795K
= 0.36
The debt-to-equity ratio for MarineMax Inc has fluctuated over the past five years. As of September 30, 2024, the ratio stands at 0.36, indicating that the company's level of debt relative to its equity is moderate. This ratio has decreased from the prior year, suggesting a reduction in debt relative to equity. In comparison with the ratios from the last three years, the current ratio is higher, signifying a slight increase in debt utilization for financing the company's operations. Overall, a debt-to-equity ratio of 0.36 suggests that MarineMax Inc relies more on equity financing than debt to support its business activities.
Peer comparison
Sep 30, 2024