YETI Holdings Inc (YETI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 723,610 | 638,785 | 587,206 | 542,561 | 526,477 | 550,661 | 499,861 | 446,367 | 517,823 | 439,640 | 384,094 | 321,275 | 288,418 | 222,633 | 169,029 | 131,647 | 122,005 | 87,860 | 63,952 | 35,471 |
| Debt-to-capital ratio | 0.10 | 0.11 | 0.12 | 0.11 | 0.12 | 0.12 | 0.14 | 0.17 | 0.16 | 0.19 | 0.22 | 0.25 | 0.28 | 0.49 | 0.62 | 0.71 | 0.70 | 0.74 | 0.80 | 0.89 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $78,645K ÷ ($78,645K + $723,610K)
= 0.10
The debt-to-capital ratio of YETI Holdings Inc has been fluctuating over the past few years. The ratio has shown an overall increasing trend, indicating a higher level of debt relative to the total capital employed by the company. In recent periods, the ratio has ranged from 0.10 to 0.19, signaling a relatively conservative capital structure with a lower dependence on debt financing.
However, the debt-to-capital ratio has spiked significantly in the last few quarters, reaching as high as 0.89. This sharp increase suggests a substantial rise in debt levels compared to the total capital, which may pose increased financial risk for the company. It is important for stakeholders to closely monitor the company's debt levels and assess its ability to manage and service its debt obligations effectively.
Peer comparison
Dec 31, 2023