Vista Outdoor Inc (VSTO)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 717,238 | 763,986 | 787,538 | 886,005 | 984,658 | 1,078,320 | 1,307,260 | — | 666,114 | 715,981 | 495,841 | 495,701 | 495,564 | 345,683 | 345,305 | 443,927 | 511,806 | 523,860 | 578,281 | 740,312 |
| Total assets | US$ in thousands | 2,402,380 | 2,453,600 | 2,746,800 | 2,809,720 | 2,798,880 | 3,329,700 | 3,397,920 | 2,457,070 | 2,396,200 | 2,361,870 | 2,017,960 | 1,851,800 | 1,764,940 | 1,528,740 | 1,431,320 | 1,388,450 | 1,394,880 | 1,548,930 | 1,629,200 | 1,861,300 |
| Debt-to-assets ratio | 0.30 | 0.31 | 0.29 | 0.32 | 0.35 | 0.32 | 0.38 | 0.00 | 0.28 | 0.30 | 0.25 | 0.27 | 0.28 | 0.23 | 0.24 | 0.32 | 0.37 | 0.34 | 0.35 | 0.40 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $717,238K ÷ $2,402,380K
= 0.30
The debt-to-assets ratio of Vista Outdoor Inc has fluctuated over the past several quarters, ranging from 0.00 to 0.40. A lower debt-to-assets ratio indicates a lower level of financial leverage and risk, whereas a higher ratio suggests higher leverage and risk.
In the most recent quarter, as of March 31, 2024, the debt-to-assets ratio stood at 0.30, showing a slight decrease from the previous quarter. This indicates that 30% of the company's assets are financed through debt.
It is important to note the variability in the ratio over time, with some quarters showing higher levels of leverage (0.35 to 0.40 range) and others showing lower levels (0.23 to 0.30 range). The company seemed to have a significant decrease in debt in the second quarter of 2022, with a debt-to-assets ratio as low as 0.00, reflecting a period of strong financial position with minimal debt obligations.
Overall, the trend in the debt-to-assets ratio for Vista Outdoor Inc suggests a moderate level of leverage compared to its asset base, with fluctuations over time that may reflect changes in the company's financing decisions or overall financial strategy.
Peer comparison
Mar 31, 2024