YETI Holdings Inc (YETI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 78,645 | 71,741 | 95,741 | 111,017 | 281,715 |
| Total assets | US$ in thousands | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 | 629,539 |
| Debt-to-assets ratio | 0.06 | 0.07 | 0.09 | 0.15 | 0.45 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $78,645K ÷ $1,297,190K
= 0.06
The debt-to-assets ratio of YETI Holdings Inc has been relatively low and decreasing over the past five years. In 2023, the ratio further decreased to 0.06, indicating that only 6% of the company's assets are financed by debt. This suggests that the company relies more on equity funding than debt financing, which can be perceived positively by investors and creditors as it signifies lower financial risk and stability. The consistent decline in the debt-to-assets ratio from 2019 to 2023 reflects a well-managed capital structure and financial health of YETI Holdings Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
YETI Holdings Inc
YETI
0.06
Callaway Golf Company
MODG
0.17