Nu Skin Enterprises Inc (NUS)
Debt-to-equity 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-equity ratio | 0.58 | 0.44 | 0.41 | 0.42 | 0.42 | 0.45 | 0.41 | 0.28 | 0.29 | 0.30 | 0.31 | 0.34 | 0.34 | 0.38 | 0.40 | 0.41 | 0.38 | 0.40 | 0.42 | 0.44 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $478,040K ÷ $821,968K
= 0.58
The debt-to-equity ratio of Nu Skin Enterprises, Inc. has been relatively stable over the past eight quarters, ranging from 0.39 in Q1 2022 to 0.62 in Q4 2023. This ratio indicates that the company has been utilizing a moderate level of debt financing compared to equity to fund its operations and growth. The increasing trend in the debt-to-equity ratio from Q1 2022 to Q4 2023 suggests that the company may have taken on more debt relative to equity during this period. However, the ratio remains below 1, indicating that Nu Skin Enterprises has more equity than debt in its capital structure, which generally signifies a lower financial risk. Overall, the company's debt-to-equity ratio reflects a balanced approach to capital structure management.
Peer comparison
Dec 31, 2023