Callaway Golf Company (MODG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,407,700 | 3,935,600 | 3,933,500 | 3,887,000 | 3,878,200 | 3,951,900 | 3,932,700 | 3,811,100 | 3,774,300 | 3,806,500 | 3,790,200 | 3,700,500 | 3,682,900 | 3,721,930 | 3,739,460 | 3,612,820 | 675,644 | 688,534 | 624,548 | 759,967 |
| Debt-to-equity ratio | 0.61 | 0.37 | 0.37 | 0.39 | 0.39 | 0.39 | 0.39 | 0.40 | 0.31 | 0.28 | 0.28 | 0.29 | 0.28 | 0.28 | 0.28 | 0.33 | 0.96 | 0.95 | 1.01 | 0.60 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,457,900K ÷ $2,407,700K
= 0.61
The debt-to-equity ratio of Callaway Golf Company has fluctuated over the years, indicating changes in the company's financial structure and risk profile.
From March 31, 2020, to June 30, 2020, there was a significant increase in the ratio from 0.60 to 1.01, suggesting a higher level of debt relative to equity. Subsequently, the ratio gradually decreased to 0.28 by June 30, 2021, signaling a decrease in debt levels compared to equity.
The ratio remained relatively stable at around 0.28 to 0.31 from June 30, 2021, to December 31, 2022. However, there was a noticeable increase to 0.40 by March 31, 2023, indicating a higher proportion of debt in the capital structure.
The ratio continued to hover around 0.37 to 0.39 from June 30, 2023, to June 30, 2024, signaling a moderate level of debt relative to equity. The ratio then spiked to 0.61 by December 31, 2024, which may suggest increased debt levels at that point in time.
Overall, the trend of Callaway Golf Company's debt-to-equity ratio shows fluctuations, reflecting changes in the company's financing decisions and risk management strategies. It is advisable to closely monitor this ratio to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024