Callaway Golf Company (MODG)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,518,200 | 1,521,500 | 1,525,400 | 1,529,500 | 1,176,300 | 1,065,900 | 1,067,400 | 1,070,500 | 1,025,300 | 1,049,020 | 1,064,430 | 1,174,990 | 650,564 | 651,011 | 628,851 | 453,774 | 443,259 | 445,019 | 465,826 | 465,756 |
| Total assets | US$ in thousands | 9,120,600 | 8,982,000 | 8,964,400 | 8,941,400 | 8,590,400 | 8,221,700 | 8,156,200 | 8,079,400 | 7,747,800 | 7,397,380 | 7,271,830 | 7,108,560 | 1,980,600 | 1,966,310 | 1,859,660 | 2,135,080 | 1,960,550 | 1,859,650 | 1,937,220 | 1,933,720 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.17 | 0.17 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.17 | 0.33 | 0.33 | 0.34 | 0.21 | 0.23 | 0.24 | 0.24 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,518,200K ÷ $9,120,600K
= 0.17
The debt-to-assets ratio of Topgolf Callaway Brands Corp has been relatively stable over the past eight quarters, ranging from 0.20 to 0.28. This ratio indicates the proportion of the company's assets financed by debt.
The increasing trend observed from Q1 2022 to Q4 2023 suggests that the company has been using more debt relative to its assets. However, this gradual increase has been moderate, indicating a cautious approach to debt financing.
With the ratio consistently below 0.30, Topgolf Callaway Brands Corp appears to have a healthy balance between debt and assets. A lower ratio suggests lower financial risk and a stronger ability to cover obligations with its assets. Overall, the company's debt-to-assets ratio reflects a stable capital structure and prudent debt management practices.
Peer comparison
Dec 31, 2023