Boston Beer Company Inc (SAM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,429,990 | 1,420,770 | 1,386,780 | 1,378,820 | 1,054,060 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,429,990K
= 0.00
The debt-to-assets ratio for Boston Beer Company Inc has consistently been reported as 0.00 for the past five years from 2019 to 2023. This indicates that the company has not utilized debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company relies primarily on equity financing, making it less leveraged and potentially less risky compared to companies with higher debt levels. It also reflects positively on the company's financial stability and ability to fund its activities without taking on significant debt obligations. However, it's worth noting that while a low debt-to-assets ratio can be seen as favorable, it may also indicate a missed opportunity to leverage debt for potential growth or tax benefits. Overall, Boston Beer Company Inc's consistent debt-to-assets ratio of 0.00 demonstrates a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023