Polaris Industries Inc (PII)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,525,200 | 5,516,300 | 5,217,900 | 5,047,800 | 4,632,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,525,200K
= 0.00
The debt-to-assets ratio for Polaris Industries Inc has consistently been 0.00 over the past five years, based on the data provided. This indicates that the company has not utilized debt to finance its operations, and its assets are primarily funded by equity. A debt-to-assets ratio of 0.00 typically signifies a low financial risk as the company has minimal debt obligations relative to its total assets. It suggests that Polaris Industries Inc has a strong financial position and may be operating with a conservative capital structure. However, it is important to note that while a low debt-to-assets ratio is generally viewed positively, it may also indicate a missed opportunity to leverage debt for potential growth or financial flexibility.