Callaway Golf Company (MODG)
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 | 1,457,900 | 1,518,200 | 1,176,300 | 1,025,300 | 650,564 |
| Total assets | US$ in thousands | 7,636,100 | 9,120,600 | 8,590,400 | 7,747,800 | 1,980,600 |
| Debt-to-assets ratio | 0.19 | 0.17 | 0.14 | 0.13 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,457,900K ÷ $7,636,100K
= 0.19
The debt-to-assets ratio of Callaway Golf Company has shown a decreasing trend over the past five years, indicating a lower reliance on debt to finance its assets. As of December 31, 2020, the ratio stood at 0.33, signifying that 33% of the company's assets were funded by debt. However, by the end of December 31, 2024, this ratio had decreased to 0.19, demonstrating an improvement in the company's financial leverage and risk management. This decline suggests that Callaway Golf Company has been gradually reducing its debt levels relative to its total assets, which may enhance its financial stability and flexibility in the long term.
Peer comparison
Dec 31, 2024