YETI Holdings Inc (YETI)
Debt-to-equity 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-equity ratio | 0.10 | 0.11 | 0.14 | 0.18 | 0.38 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $72,821K ÷ $740,107K
= 0.10
The debt-to-equity ratio of YETI Holdings Inc has shown a declining trend over the years from 0.38 as of December 31, 2020, to 0.10 as of December 31, 2024. This indicates that the company has been effectively reducing its reliance on debt financing relative to its equity. A lower debt-to-equity ratio suggests a stronger financial position and lower financial risk, as the company is less leveraged and has a higher proportion of equity to support its operations. YETI Holdings Inc's decreasing debt-to-equity ratio signals a positive financial development and effective management of capital structure over the years.
Peer comparison
Dec 31, 2024