Polaris Industries Inc (PII)

Debt-to-equity 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 stockholders’ equity US$ in thousands 1,289,900 1,341,500 1,338,100 1,378,100 1,418,400 1,332,700 1,246,500 1,152,100 1,099,000 1,016,900 1,071,400 1,118,600 1,224,300 1,211,800 1,120,600 1,059,400 1,144,500 947,500 753,000 1,001,600
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,289,900K
= 0.00

The debt-to-equity ratio of Polaris Industries Inc remained constant at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company had no debt relative to its equity during this time frame. A debt-to-equity ratio of 0.00 means that the company's total liabilities were equivalent to its total equity, implying that the company financed its operations primarily through equity rather than debt. This can signal financial stability and a lower risk of default, as the absence of debt obligations may provide flexibility and resilience in managing financial challenges and downturns. However, it's important to note that a zero debt-to-equity ratio may also suggest missed opportunities for leveraging debt to potentially enhance returns on equity.