Nu Skin Enterprises Inc (NUS)
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 | 478,040 | 362,896 | 367,753 | 372,609 | 377,466 | 382,323 | 387,179 | 258,995 | 268,781 | 278,563 | 288,343 | 298,120 | 305,393 | 312,664 | 319,932 | 327,197 | 334,461 | 341,724 | 348,986 | 356,247 |
| Total assets | US$ in thousands | 1,806,460 | 1,793,090 | 1,893,780 | 1,824,640 | 1,820,970 | 1,763,170 | 1,900,900 | 1,892,250 | 1,906,480 | 1,974,410 | 2,049,980 | 1,950,100 | 1,957,080 | 1,816,710 | 1,794,490 | 1,746,320 | 1,769,010 | 1,736,900 | 1,791,100 | 1,755,100 |
| Debt-to-assets ratio | 0.26 | 0.20 | 0.19 | 0.20 | 0.21 | 0.22 | 0.20 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 | 0.19 | 0.20 | 0.19 | 0.20 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $478,040K ÷ $1,806,460K
= 0.26
The debt-to-assets ratio provides insight into the proportion of a company's assets that are financed through debt. In the case of Nu Skin Enterprises, Inc., the trend in the debt-to-assets ratio over the past eight quarters shows a relatively stable pattern with some fluctuations.
The debt-to-assets ratio ranged from 0.20 to 0.28 during the period analyzed. A ratio of 0.20 indicates that for every $1 of assets, the company had $0.20 in debt, while a ratio of 0.28 implies $0.28 in debt for every $1 of assets.
The company maintained a conservative approach to debt financing, as the ratios remained relatively low throughout the quarters. The slight fluctuations observed may be due to various factors such as changes in the company's capital structure, borrowing activities, or asset management strategies.
Overall, Nu Skin Enterprises, Inc. appears to have effectively managed its debt relative to its assets, maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023