Planet Fitness Inc (PLNT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -215,380 | -266,132 | -317,664 | -96,415 | -115,649 | -157,078 | -201,969 | -151,108 | -199,012 | -203,651 | -185,372 | -212,699 | -645,355 | -660,553 | -681,005 | -697,675 | -705,869 | -719,626 | -718,287 | -691,783 |
| Debt-to-capital ratio | 1.11 | 1.14 | 1.17 | 1.05 | 1.06 | 1.09 | 1.11 | 1.08 | 1.11 | 1.11 | 1.10 | 1.12 | 1.59 | 1.61 | 1.64 | 1.66 | 1.68 | 1.70 | 1.69 | 1.65 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,148,030K ÷ ($2,148,030K + $-215,380K)
= 1.11
The debt-to-capital ratio of Planet Fitness Inc has been fluctuating over the past few years, indicating varying levels of debt relative to the company's total capital. The ratio was relatively stable in 2020 and 2021, ranging from 1.59 to 1.70. However, a notable decrease occurred in the first quarter of 2022, with a ratio of 1.12, followed by a further decline in the second quarter of 2022 to 1.10. This pattern was interrupted by a slight increase in the third quarter of 2022 to 1.11.
In 2023, the trend continued with another decrease in the first quarter to 1.08, followed by a slight increase in the second quarter to 1.11. The ratio decreased again in the third quarter of 2023 to 1.09 and further dropped to 1.06 by the end of the year.
The decreasing trend persisted into 2024, with the ratio reaching 1.05 in the first quarter. This was followed by a notable increase in the second quarter to 1.17, before slightly declining to 1.14 in the third quarter. The ratio decreased once more at the end of 2024 to 1.11.
Overall, the debt-to-capital ratio of Planet Fitness Inc has shown fluctuations, indicating changes in the company's debt relative to its total capital structure. These fluctuations may suggest varying levels of financial leverage and capital structure adjustments over the period under review.