Leslies Inc (LESL)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 769,065 | 773,276 | 779,726 | 786,125 |
| Total assets | US$ in thousands | 1,050,320 | 1,034,440 | 1,109,630 | 1,042,230 |
| Debt-to-assets ratio | 0.73 | 0.75 | 0.70 | 0.75 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $769,065K ÷ $1,050,320K
= 0.73
The debt-to-assets ratio of Leslies Inc has fluctuated over the past four years. In Sep 30, 2024, the ratio stood at 0.73, indicating that 73% of the company's total assets were funded by debt. This represented a slight decrease from the previous year's ratio of 0.75. In Sep 30, 2022, the ratio was 0.70, showing a decrease in the company's reliance on debt to finance its assets. However, in Sep 30, 2021, the ratio increased back to 0.75, indicating a higher proportion of debt financing compared to the previous year. Overall, the trend in the debt-to-assets ratio suggests a varying level of leverage in Leslies Inc's capital structure over the analyzed period. Further analysis of the company's financial health and risk management strategies would provide greater insights into the implications of these fluctuations.
Peer comparison
Sep 30, 2024