Planet Fitness Inc (PLNT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,148,030 | 1,962,870 | 1,978,130 | 1,740,270 | 1,751,430 |
| Total assets | US$ in thousands | 3,069,710 | 2,969,690 | 2,854,590 | 2,015,980 | 1,849,740 |
| Debt-to-assets ratio | 0.70 | 0.66 | 0.69 | 0.86 | 0.95 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,148,030K ÷ $3,069,710K
= 0.70
The debt-to-assets ratio for Planet Fitness Inc has shown a declining trend over the past few years, decreasing from 0.95 in December 31, 2020 to 0.70 in December 31, 2024. This indicates that the company's level of debt in comparison to its total assets has been decreasing over time. A lower debt-to-assets ratio generally reflects a healthier financial position, as it suggests that the company is relying less on debt to finance its operations and investments. This trend may signify improved financial stability and decreased financial risk for Planet Fitness Inc, potentially enhancing its ability to weather economic uncertainties and pursue future growth opportunities.