Vista Outdoor Inc (VSTO)
Debt-to-equity 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-equity ratio | 0.64 | 0.71 | 0.64 | 0.75 | 0.87 | 0.76 | 0.97 | 0.00 | 0.59 | 0.69 | 0.53 | 0.62 | 0.67 | 0.52 | 0.60 | 0.91 | 1.16 | 0.87 | 0.98 | 1.24 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $717,238K ÷ $1,126,300K
= 0.64
The debt-to-equity ratio of Vista Outdoor Inc has fluctuated over the past several quarters, indicating varying levels of leverage and financial risk. The ratio was relatively stable in the range of 0.60 to 0.70 in the first three quarters of 2022. However, a significant decrease was observed in the fourth quarter of 2022, with the ratio falling to 0.00, indicating an unusual occurrence or a potential data discrepancy.
Subsequently, the ratio increased to 0.64 in the first quarter of 2023, signaling a return to a more typical level of leverage. However, the ratio continued to climb in the following quarters, reaching a peak of 1.24 by the end of 2019. This significant increase suggests a higher reliance on debt to finance operations compared to equity during that period.
In 2020, there was a gradual decline in the debt-to-equity ratio, indicating a potential deleveraging effort or a shift towards a more balanced capital structure. The ratio remained relatively stable in the range of 0.50 to 0.70 throughout 2021, suggesting a more conservative approach to managing debt levels.
Overall, the trend in Vista Outdoor Inc's debt-to-equity ratio reflects fluctuations in the company's capital structure and financial strategy over the analyzed period. Investors and stakeholders may consider the evolving ratio as an important indicator of the company's risk profile and financial health.
Peer comparison
Mar 31, 2024