Vestis Corporation (VSTS)
Debt-to-equity ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 1,147,730 | 1,394,530 | 1,410,850 | 1,454,800 | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 903,051 | 901,177 | 900,711 | 904,158 | 877,360 | 913,757 | 904,989 | 2,335,810 | 2,335,810 | — |
| Debt-to-equity ratio | 1.27 | 1.55 | 1.57 | 1.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,147,730K ÷ $903,051K
= 1.27
Between September 2022 and September 2024, Vestis Corporation's debt-to-equity ratio has shown a fluctuating trend. The ratio was 0.00 in the last three quarters of 2022, suggesting the absence of debt during that period. However, from March 2023 onwards, the ratio began to increase, indicating that the company started taking on debt to finance its operations or investments.
By September 2024, the debt-to-equity ratio had reached 1.27, which suggests that the company's debt levels have increased compared to its equity. This could indicate a higher degree of financial leverage and potentially higher financial risk for Vestis Corporation.
It is important for stakeholders to monitor this ratio closely, as significant changes in debt levels relative to equity can impact the company's financial stability and ability to meet its financial obligations in the long run.
Peer comparison
Sep 30, 2024