Polaris Industries Inc (PII)

Debt-to-assets 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
Total assets US$ in thousands 5,525,200 5,629,700 5,708,900 5,567,400 5,516,300 5,733,000 5,469,600 5,289,900 5,217,900 5,093,400 5,238,900 5,128,900 5,047,800 4,870,300 4,525,200 4,513,700 4,632,700 4,783,600 4,312,700 4,763,900
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 of Polaris Industries Inc has consistently been at 0.00 for the periods ranging from March 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company has not used any debt financing to support its operations, and it relies solely on equity to fund its activities. This may suggest a conservative financial approach, as lower debt levels generally indicate less financial risk and greater financial stability. However, it's important to note that while a low debt-to-assets ratio can be positive, it may also suggest missed opportunities for leveraging financial leverage for potential growth or expansion.