Boston Beer Company Inc (SAM)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,077,930 | 1,068,550 | 983,409 | 956,967 | 735,636 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,077,930K)
= 0.00
The debt-to-capital ratio of Boston Beer Company Inc has consistently been 0.00 over the past five years, indicating that the company has not utilized any debt in its capital structure during this period. This suggests that Boston Beer Company Inc has relied solely on equity financing to fund its operations and growth initiatives. While having a low or zero debt-to-capital ratio can signal financial stability and lower financial risk, it may also indicate limited leverage for potential growth or strategic investments. It would be important to consider the reasons behind the company's choice to maintain a debt-free capital structure and assess how this may impact its long-term financial performance and strategic flexibility.
Peer comparison
Dec 31, 2023