Planet Fitness Inc (PLNT)

Debt-to-assets 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	2,148,030	2,152,280	2,156,550	1,959,030	1,962,870	1,966,680	1,970,490	1,974,300	1,978,130	1,982,160	1,985,730	1,989,530	1,740,270	1,743,050	1,745,830	1,748,620	1,751,430	1,754,190	1,756,950	1,759,730
Total assets	US$ in thousands	3,069,710	3,048,180	2,974,040	2,992,780	2,969,690	2,944,850	2,848,240	2,905,560	2,854,590	2,846,260	2,884,090	2,992,400	2,015,980	1,949,700	1,899,600	1,864,980	1,849,740	1,801,550	1,800,040	1,875,640
Debt-to-assets ratio		0.70	0.71	0.73	0.65	0.66	0.67	0.69	0.68	0.69	0.70	0.69	0.66	0.86	0.89	0.92	0.94	0.95	0.97	0.98	0.94

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 of Planet Fitness Inc has been gradually declining over the years, indicating a decreasing reliance on debt to finance its assets. Starting at 0.94 in March 2020, the ratio decreased to 0.66 by March 2022, suggesting an improvement in the company's financial leverage. However, there was a slight increase in the ratio to 0.73 by June 2024, which may indicate a slightly higher proportion of debt relative to total assets. Overall, the decreasing trend in the debt-to-assets ratio reflects Planet Fitness Inc's ability to manage its debt levels effectively while maintaining a solid asset base.