YETI Holdings Inc (YETI)
Debt-to-equity 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-equity ratio | 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 | 2.31 | 2.88 | 4.12 | 7.72 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $78,645K ÷ $723,610K
= 0.11
The debt-to-equity ratio of YETI Holdings Inc has shown a fluctuating trend over the past few years. The ratio decreased from 0.11 in December 2019 to 0.12 in September 2020, indicating a relatively low level of debt compared to equity during this period.
However, the ratio steadily increased from September 2020 to December 2022, reaching a peak of 0.38 by March 2021. This upward trend suggests that the company was taking on more debt relative to its equity during this time frame.
Subsequently, the debt-to-equity ratio exhibited a significant spike in the latter half of 2021, reaching 7.72 by September 2021. This sharp increase may have raised concerns about the company's financial leverage and ability to cover its debt obligations with equity.
From September 2021 to December 2023, the ratio declined progressively, indicating a gradual reduction in the company's reliance on debt financing relative to equity. This downward trend is a positive sign as it suggests an improvement in the company's financial stability and reduced risk related to excessive debt levels.
Overall, it is essential for investors and creditors to closely monitor YETI Holdings Inc's debt-to-equity ratio to assess its capital structure and financial risk management strategies effectively.
Peer comparison
Dec 31, 2023