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