Leslies Inc (LESL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -177,149 | -168,157 | -230,972 | -198,648 | -161,362 | -179,810 | -254,965 | -225,635 | -197,951 | -258,769 | -385,731 | -381,304 | -217,558 | -265,726 | -391,010 | -386,410 |
| Debt-to-capital ratio | 1.30 | 1.28 | 1.43 | 1.35 | 1.26 | 1.30 | 1.49 | 1.41 | 1.34 | 1.50 | 1.97 | 1.95 | 1.38 | 1.51 | 1.98 | 1.94 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $769,065K ÷ ($769,065K + $-177,149K)
= 1.30
Leslies Inc's debt-to-capital ratio has fluctuated over the past several quarters. The ratio measures the proportion of the company's capital that is financed through debt. A higher debt-to-capital ratio indicates a greater reliance on debt financing.
Based on the data provided, the company's debt-to-capital ratio ranged from 1.26 to 1.97 over the past 16 quarters. The trend shows some volatility, with peaks observed in some quarters, such as 1.97 in March 2022 and 1.98 in March 2021. However, there are also periods where the ratio decreased, such as in September 2023 and March 2023.
Overall, Leslies Inc's debt-to-capital ratio appears to be on the higher side, exceeding 1 in most quarters. This suggests that the company has a significant amount of debt relative to its total capital. Investors and analysts may need to closely monitor the company's debt levels and financing decisions to assess its financial health and risk profile.
Peer comparison
Sep 30, 2024