Vestis Corporation (VSTS)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total assets | US$ in thousands | 3,157,120 | 3,133,010 | 3,108,380 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | — |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,157,120K
= 0.00
The debt-to-assets ratio for Vestis Corporation has consistently remained at 0.00 for the past three years (2021, 2022, and 2023). This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which may indicate strong financial health and stability. However, it is important to note that the lack of debt in the capital structure may also mean missed opportunities for leveraging financial resources for potential growth or maximizing returns for shareholders. Additionally, the absence of data for 2020 limits the ability to analyze the trend over a longer period. Overall, Vestis Corporation's consistent 0.00 debt-to-assets ratio signals a conservative financial strategy prioritizing equity financing over debt.
Peer comparison
Sep 30, 2023