Wolverine World Wide Inc (WWW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,668,800 | 2,062,800 | 2,492,700 | 2,586,400 | 2,137,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,668,800K
= 0.00
Based on the provided data, Wolverine World Wide Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during each of these years. This implies that the company's assets are entirely financed by equity or other non-debt sources, suggesting a strong financial position with minimal debt risk. A low debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies lower financial leverage and potentially lower financial risk for the company.
Peer comparison
Dec 31, 2024