Vista Outdoor Inc (VSTO)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,126,300 1,082,900 1,225,740 1,180,000 1,131,790 1,420,650 1,349,450 1,249,310 1,124,400 1,030,320 935,013 800,679 736,997 658,728 574,637 489,505 442,505 604,950 588,501 594,949
Debt-to-capital ratio 0.39 0.41 0.39 0.43 0.47 0.43 0.49 0.00 0.37 0.41 0.35 0.38 0.40 0.34 0.38 0.48 0.54 0.46 0.50 0.55

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $717,238K ÷ ($717,238K + $1,126,300K)
= 0.39

The debt-to-capital ratio of Vista Outdoor Inc has fluctuated over the past few quarters, ranging from a low of 0.00 to a high of 0.55. The ratio indicates the proportion of the company's capital that is financed through debt, with values closer to 1 indicating higher leverage.

The trend in the debt-to-capital ratio shows that the company's reliance on debt financing has varied significantly. In some quarters, such as Jun 30, 2022, and Dec 31, 2019, the ratio was relatively high, suggesting elevated debt levels. Conversely, there were quarters like Jun 30, 2022, where the company had minimal or no debt relative to its capital.

Overall, the debt-to-capital ratio for Vista Outdoor Inc has shown fluctuations over time, indicating changes in the company's capital structure and debt management strategies. It is essential for investors and stakeholders to monitor these trends to assess the company's financial risk and stability.


Peer comparison

Mar 31, 2024