Planet Fitness Inc (PLNT)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,962,870 | 1,978,130 | 1,740,270 | 1,751,430 | 1,687,500 |
| Total stockholders’ equity | US$ in thousands | -115,649 | -199,012 | -645,355 | -705,869 | -706,455 |
| Debt-to-equity ratio | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,962,870K ÷ $-115,649K
= —
As the provided data does not include the debt and equity figures necessary to calculate the debt-to-equity ratio for Planet Fitness Inc across the years 2019 to 2023, a detailed analysis of the trend in the debt-to-equity ratio cannot be conducted. In order to assess the company's leverage position and financial risk, it is essential to have access to the specific debt and equity values for each year. The debt-to-equity ratio is a key financial metric that illustrates the proportion of a company's financing provided by debt compared to equity. Without this information, a thorough evaluation of Planet Fitness Inc's capital structure and financial health over the years in question is not feasible.