Planet Fitness Inc (PLNT)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	1,687,500	1,155,050	1,156,790	1,158,480
Total assets	US$ in thousands	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	1,717,190	1,420,230	1,523,470	1,509,590
Debt-to-assets ratio		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	0.98	0.81	0.76	0.77

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,962,870K ÷ $2,969,690K
= 0.66

The debt-to-assets ratio of Planet Fitness Inc has been relatively stable over the past eight quarters, ranging from 0.67 to 0.70. This ratio indicates that, on average, approximately 67% to 70% of the company's total assets are financed by debt.

A ratio of 0.67 to 0.70 suggests that the company relies moderately on debt to fund its operations and investments, while the remaining assets are funded by equity. It is important to note that the stability of the ratio over time indicates a consistent approach to managing debt levels relative to assets.

Overall, the company's debt-to-assets ratio appears to be within a reasonable range, reflecting a balanced capital structure that includes both debt and equity financing. However, it is essential for investors and stakeholders to monitor any significant deviations in the future to ensure the company's financial health and stability.