YETI Holdings Inc (YETI)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 72,821 | 74,415 | 75,829 | 77,379 | 78,645 | 79,529 | 81,106 | 65,719 | 71,741 | 77,756 | 83,575 | 89,574 | 95,741 | 101,723 | 107,756 | 105,518 | 111,017 | 215,823 | 270,846 | 326,282 |
| Total assets | US$ in thousands | 1,286,120 | 1,273,190 | 1,232,300 | 1,119,800 | 1,297,190 | 1,155,880 | 1,085,440 | 1,006,520 | 1,076,760 | 983,226 | 1,055,360 | 969,529 | 1,096,360 | 945,508 | 863,975 | 733,252 | 737,067 | 712,572 | 627,452 | 666,769 |
| Debt-to-assets ratio | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 | 0.11 | 0.12 | 0.14 | 0.15 | 0.30 | 0.43 | 0.49 |
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 decreasing trend over the past few years, indicating a strengthening financial position in terms of leverage.
Starting at 0.49 as of March 31, 2020, the ratio steadily declined to 0.06 by the end of December 31, 2024. This suggests that the company has been reducing its debt relative to its total assets over the period.
A decreasing debt-to-assets ratio signifies that YETI Holdings Inc has been managing its debt levels effectively and improving its ability to cover its financial obligations with its existing assets. This is generally viewed positively by investors and creditors as it lowers the company's risk of financial distress.
Overall, the downward trend in the debt-to-assets ratio reflects a healthier financial position for YETI Holdings Inc as it indicates a decreasing reliance on debt to finance its operations and investments.
Peer comparison
Dec 31, 2024