YETI Holdings Inc (YETI)
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 | 72,821 | 78,645 | 71,741 | 95,741 | 111,017 |
| Total stockholders’ equity | US$ in thousands | 740,107 | 723,610 | 526,477 | 517,823 | 288,418 |
| Debt-to-capital ratio | 0.09 | 0.10 | 0.12 | 0.16 | 0.28 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $72,821K ÷ ($72,821K + $740,107K)
= 0.09
The debt-to-capital ratio of YETI Holdings Inc has shown a declining trend over the past five years, decreasing from 0.28 on December 31, 2020, to 0.09 on December 31, 2024. This indicates that the company has been effectively managing its debt levels relative to its capital structure. A lower debt-to-capital ratio suggests that YETI Holdings Inc relies less on debt financing and has a stronger financial position with a higher proportion of equity in its capital structure. Overall, the decreasing trend in the debt-to-capital ratio is a positive indicator of the company's financial health and ability to sustain its operations.
Peer comparison
Dec 31, 2024