YETI Holdings Inc (YETI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 281,715 | 252,694 | 263,258 | 273,825 |
| Total assets | US$ in thousands | 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 | 629,539 | 559,695 | 540,436 | 495,786 |
| Debt-to-assets ratio | 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 | 0.45 | 0.45 | 0.49 | 0.55 |
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 for YETI Holdings Inc has shown a general trend of increase over the past five years, indicating a growing level of debt relative to its total assets. The ratio has steadily increased from 0.06 at the end of 2019 to 0.07 in the most recent quarter of 2023.
The company's debt-to-assets ratio remained relatively stable at around 0.07 from March 2020 to March 2023 before starting to increase more noticeably. This upward trend may suggest that YETI Holdings Inc has been increasing its debt levels to fund its operations or growth initiatives.
It is worth noting that the ratio reached its peak of 0.55 at the end of 2021, which indicates that the company's debt constituted 55% of its total assets at that time. Since then, the ratio has decreased slightly but remains at relatively elevated levels compared to the earlier periods.
Overall, the increasing trend in the debt-to-assets ratio for YETI Holdings Inc may signal a higher level of financial leverage and potential risks associated with servicing the increasing debt load. Investors and stakeholders should continue to monitor this ratio to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023