Callaway Golf Company (MODG)

Debt-to-assets ratio

Dec 31, 2024 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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands 1,457,900 1,461,200 1,464,500 1,519,200 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
Total assets US$ in thousands 7,636,100 9,158,100 9,100,400 9,092,000 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
Debt-to-assets ratio 0.19 0.16 0.16 0.17 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

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 fluctuations over the analyzed period. The ratio has generally been on a decreasing trend from March 31, 2020, to December 31, 2021, with a notable decrease from 0.34 on June 30, 2020, to 0.13 on December 31, 2021. This decrease indicates that the company's level of debt relative to its total assets has been declining.

However, there was a slight uptick in the ratio in the following periods, reaching 0.19 by December 31, 2024. This increase suggests that Callaway Golf Company may have taken on more debt relative to its total assets during this period.

Overall, it is important to monitor this ratio to assess the company's leverage and financial risk. A decreasing trend in the debt-to-assets ratio is generally viewed positively as it indicates the company is becoming less reliant on debt financing, while an increasing trend may signal a shift towards higher leverage and potential financial risk.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Callaway Golf Company
MODG
0.19
Acushnet Holdings Corp
GOLF
0.31
YETI Holdings Inc
YETI
0.06