Wolverine World Wide Inc (WWW)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 307,300 | 278,600 | 339,000 | 644,400 | 573,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $307,300K)
= 0.00
The debt-to-capital ratio of Wolverine World Wide Inc has consistently remained at 0.00 over the past five years, indicating that the company has not utilized any debt to finance its operations relative to its total capital. This implies that the company relies more on equity financing rather than debt financing, which can be viewed positively as it suggests a lower level of financial risk and leverage. However, it is important to note that a very low debt-to-capital ratio may also indicate potential underutilization of debt as a strategic tool for growth and expansion. Further analysis of the company's capital structure and financing strategy would be necessary to fully understand the implications of this ratio.
Peer comparison
Dec 31, 2024