Polaris Industries Inc (PII)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,289,900K
= 0.00
The debt-to-equity ratio for Polaris Industries Inc has consistently remained at 0.00 across the years 2020 to 2024. This indicates that the company has no debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 is an exceptional sign of financial strength and stability, suggesting that the company is primarily funding its operations and investments through equity rather than debt financing. This strong financial position may provide the company with greater flexibility and lower financial risk, as it is not relying on borrowed funds to support its activities.