Nu Skin Enterprises Inc (NUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 821,968 | 822,187 | 895,345 | 892,970 | 897,296 | 841,934 | 941,035 | 934,200 | 912,772 | 936,477 | 917,826 | 871,474 | 894,271 | 827,473 | 792,012 | 800,498 | 875,289 | 845,800 | 834,950 | 811,195 |
| Debt-to-capital ratio | 0.37 | 0.31 | 0.29 | 0.29 | 0.30 | 0.31 | 0.29 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.25 | 0.27 | 0.29 | 0.29 | 0.28 | 0.29 | 0.29 | 0.31 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $478,040K ÷ ($478,040K + $821,968K)
= 0.37
The debt-to-capital ratio of Nu Skin Enterprises, Inc. has been relatively stable over the past eight quarters, ranging from 0.28 to 0.38. This ratio indicates the proportion of the company's capital structure that is financed by debt.
In Q1 2022, the debt-to-capital ratio was at its lowest point of 0.28, suggesting a lower reliance on debt to fund the company's operations and growth. However, this ratio increased gradually in subsequent quarters, reaching a peak of 0.38 in Q4 2023.
Overall, the trend in Nu Skin Enterprises' debt-to-capital ratio indicates a moderate level of leverage in its capital structure. The company appears to have a balanced approach to financing its operations, with a mix of debt and equity funding.
Peer comparison
Dec 31, 2023