Leslies Inc (LESL)
Debt-to-assets ratio
| 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 | 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 | 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 | 0.77 | 0.75 | 0.68 | 0.67 | 0.72 | 0.70 | 0.70 | 0.84 | 0.97 | 0.75 | 0.79 | 0.92 | 1.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $771,718K ÷ $998,520K
= 0.77
The debt-to-assets ratio of Leslies Inc has shown fluctuations over the past years. The ratio indicates the proportion of the company's total assets that are financed by debt.
The trend of the debt-to-assets ratio shows a decrease from 1.07 in December 2020 to 0.77 in December 2023. This downward trend suggests that Leslies Inc has been able to decrease its reliance on debt to finance its assets over the past three years.
However, it is worth noting that there have been fluctuations in the ratio during this period, indicating potential changes in the company's debt levels and asset base. Overall, a decreasing trend in the debt-to-assets ratio is usually viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2023