YETI Holdings Inc (YETI)
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 | 72,821 | 78,645 | 71,741 | 95,741 | 111,017 |
| Total assets | US$ in thousands | 1,286,120 | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 |
| Debt-to-assets ratio | 0.06 | 0.06 | 0.07 | 0.09 | 0.15 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $72,821K ÷ $1,286,120K
= 0.06
The debt-to-assets ratio of YETI Holdings Inc has shown a declining trend over the past five years, indicating a decreasing reliance on debt to finance its assets. As of December 31, 2020, the ratio stood at 0.15, and by December 31, 2024, it had decreased to 0.06. This suggests that the company's assets are primarily funded by equity rather than debt, which can be seen as a positive sign of financial stability and strength. The consistent decrease in the debt-to-assets ratio signifies efficient management of debt levels and may reflect well on the company's ability to meet its financial obligations and potentially reinvest in business growth opportunities.
Peer comparison
Dec 31, 2024