Vestis Corporation (VSTS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 904,158 | 877,360 | 913,757 | 904,989 | 2,335,810 | 2,335,810 | — |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $904,158K
= 0.00
The debt-to-equity ratio of Vestis Corporation has consistently been reported as 0.00 for the periods ending December 31, 2023, September 30, 2023, June 30, 2023, and March 31, 2023. This indicates that the company has been operating with no debt during these quarters, relying solely on equity to finance its operations. While a debt-to-equity ratio of 0.00 may suggest a conservative financial strategy and low financial risk, it is important to note that excessive reliance on equity financing could potentially limit the company's growth opportunities in the long term. Further information on the company's capital structure and management's financing decisions would be necessary to provide a more in-depth analysis of its financial position and overall sustainability.
Peer comparison
Dec 31, 2023