Polaris Industries Inc (PII)
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 | 1,954,300 | — | — | — | 1,504,200 | 1,571,500 | 1,453,000 | 1,382,500 | 1,247,400 | 1,457,300 | 1,264,800 | 1,278,100 | 1,308,600 | 1,307,900 | 1,377,300 | 1,982,500 | 1,526,800 | 1,702,120 | 1,815,780 | 2,018,840 |
| Total assets | US$ in thousands | 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 | 4,430,500 | 4,527,420 | 4,364,210 | 4,408,720 |
| Debt-to-assets ratio | 0.35 | 0.00 | 0.00 | 0.00 | 0.29 | 0.31 | 0.28 | 0.27 | 0.25 | 0.30 | 0.28 | 0.28 | 0.28 | 0.27 | 0.32 | 0.42 | 0.34 | 0.38 | 0.42 | 0.46 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,954,300K ÷ $5,516,300K
= 0.35
The debt-to-assets ratio of Polaris Inc has shown some fluctuation over the past eight quarters, ranging from 0.35 to 0.42. A lower ratio indicates that a company is financing its assets primarily through equity rather than debt, which can be seen as a positive indicator of financial stability.
Polaris Inc's debt-to-assets ratio has decreased from 0.42 in Q3 2022 to 0.35 in Q4 2023, suggesting a reduction in the proportion of debt used to finance its assets. This trend indicates that the company may be effectively managing its debt levels and working towards a stronger financial position.
However, it's important to note that the ratio fluctuated between 0.35 and 0.40 over this period, indicating some volatility in the company's debt management. Investors and analysts may want to closely monitor Polaris Inc's debt-to-assets ratio in future quarters to assess the company's ability to maintain a healthy balance between debt and equity financing.