Boston Beer Company Inc (SAM)
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 | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,077,930 | 1,068,550 | 983,409 | 956,967 | 735,636 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,077,930K
= 0.00
The debt-to-equity ratio of Boston Beer Company Inc has consistently been 0.00 for the last five years, from 2019 to 2023. This indicates that the company has not used any debt to finance its operations during this period and has relied solely on equity to fund its activities. A debt-to-equity ratio of 0.00 suggests that the company is not taking on any financial leverage, which may be viewed positively by investors and creditors as it implies a lower level of financial risk. However, it's important to note that a zero debt-to-equity ratio may also indicate that the company is missing out on potential tax advantages associated with debt financing. Overall, a stable debt-to-equity ratio of 0.00 over the years suggests that Boston Beer Company Inc has maintained a conservative financial structure.
Peer comparison
Dec 31, 2023