Polaris Industries Inc (PII)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,289,900 | 1,418,400 | 1,099,000 | 1,224,300 | 1,144,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,289,900K)
= 0.00
The debt-to-capital ratio of Polaris Industries Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and growth during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is entirely equity-funded, which may suggest a lower financial risk and a conservative approach to financial leverage. It is important to note that while having a low or zero debt-to-capital ratio can be a positive indicator of financial strength, it also implies limited tax benefits and potential constraints on future growth opportunities if the company does not leverage debt strategically.