Vestis Corporation (VSTS)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,161,750 | 3,157,120 | 3,169,800 | 3,176,540 | — | 3,133,010 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | — |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,161,750K
= 0.00
The debt-to-assets ratio for Vestis Corporation appears to be consistently 0.00 for the periods reported in the table. This indicates that Vestis Corporation has not reported any debt on its balance sheet relative to its total assets for these periods. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity and it does not have any debt obligations. While this may suggest a strong financial position in terms of solvency and financial stability, it is important to consider the full picture of the company's financial health, including other financial ratios and qualitative factors, to gain a comprehensive understanding of Vestis Corporation's overall financial performance.
Peer comparison
Dec 31, 2023