LCI Industries (LCII)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,894,740 | 2,959,320 | 3,246,910 | 3,288,090 | 2,298,030 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,894,740K
= 0.00
The debt-to-assets ratio for LCI Industries has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt on its balance sheet relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt, reflecting a strong financial position. The absence of debt in the capital structure suggests lower financial risk and potentially lower interest expenses for LCI Industries, contributing to financial stability and flexibility in its operations.
Peer comparison
Dec 31, 2024