YETI Holdings Inc (YETI)
Debt-to-equity 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-equity ratio | 0.10 | 0.10 | 0.11 | 0.12 | 0.11 | 0.12 | 0.14 | 0.12 | 0.14 | 0.14 | 0.17 | 0.20 | 0.18 | 0.23 | 0.28 | 0.33 | 0.38 | 0.97 | 1.60 | 2.48 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $72,821K ÷ $740,107K
= 0.10
YETI Holdings Inc has shown a declining trend in its debt-to-equity ratio over the past few years, indicating a strengthening financial position in terms of its capital structure. The ratio decreased from 2.48 as of March 31, 2020, to 0.10 as of December 31, 2024. This suggests that the company has been reducing its reliance on debt financing in relation to equity, which can be a positive sign for investors as it indicates lower financial risk and potentially better financial health. The decreasing trend in the debt-to-equity ratio reflects a more conservative approach to financing, which may lead to improved financial stability and sustainability for YETI Holdings Inc.
Peer comparison
Dec 31, 2024