YETI Holdings Inc (YETI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 740,107 | 769,981 | 705,860 | 646,899 | 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 |
| Debt-to-capital ratio | 0.09 | 0.09 | 0.10 | 0.11 | 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 |
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 been showing a declining trend over the past few years, indicating a decreasing reliance on debt as a source of financing relative to the company's total capital structure.
As of December 31, 2024, the debt-to-capital ratio stood at 0.09, implying that only 9% of the company's capital was funded by debt, while the remaining 91% was financed through equity. This suggests a strong financial position and overall stability, as a lower debt-to-capital ratio indicates lower financial risk and less leverage.
The consistent decrease in the debt-to-capital ratio from 0.71 on March 31, 2020, to 0.09 on December 31, 2024, reflects prudent financial management by YETI Holdings Inc, potentially leading to improved creditworthiness and increased investor confidence. A lower debt-to-capital ratio can also enhance the company's ability to weather economic downturns and pursue growth opportunities in a more sustainable manner.
Peer comparison
Dec 31, 2024