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