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