Leslies Inc (LESL)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 769,065 | 768,598 | 770,157 | 771,718 | 773,276 | 774,884 | 776,542 | 778,133 | 779,726 | 781,322 | 782,921 | 784,527 | 786,125 | 787,731 | 789,339 | 795,394 |
| Total assets | US$ in thousands | 1,050,320 | 1,105,190 | 1,095,250 | 998,520 | 1,034,440 | 1,137,420 | 1,163,230 | 1,076,780 | 1,109,630 | 1,116,990 | 930,195 | 811,265 | 1,042,230 | 996,112 | 857,315 | 745,840 |
| Debt-to-assets ratio | 0.73 | 0.70 | 0.70 | 0.77 | 0.75 | 0.68 | 0.67 | 0.72 | 0.70 | 0.70 | 0.84 | 0.97 | 0.75 | 0.79 | 0.92 | 1.07 |
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 shown fluctuations over the past few quarters. The ratio has ranged from 0.67 to 1.07 over the last 16 quarters, indicating varying levels of leverage and financial risk. A higher ratio suggests that a larger portion of the company's assets is financed by debt, which could lead to higher interest payments and financial vulnerability.
In the most recent quarter, as of September 30, 2024, the debt-to-assets ratio was 0.73, indicating that approximately 73% of the company's assets were financed by debt. This ratio has decreased slightly from the previous quarter but remains relatively stable compared to historical values.
It is important for stakeholders to monitor the trend of the debt-to-assets ratio over time to assess the company's financial health and ability to meet its debt obligations. Variations in this ratio may indicate changes in the company's financing strategy, investment decisions, or overall risk profile.
Peer comparison
Sep 30, 2024