YETI Holdings Inc (YETI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,286,120 | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 |
| Total stockholders’ equity | US$ in thousands | 740,107 | 723,610 | 526,477 | 517,823 | 288,418 |
| Financial leverage ratio | 1.74 | 1.79 | 2.05 | 2.12 | 2.56 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,286,120K ÷ $740,107K
= 1.74
The financial leverage ratio of YETI Holdings Inc has shown a decreasing trend over the years, declining from 2.56 in December 2020 to 1.74 in December 2024. This indicates that the company has been reducing its reliance on debt financing in relation to equity, which could imply a stronger financial position and lower financial risk. A decreasing financial leverage ratio generally suggests that the company is becoming more stable and less leveraged, potentially leading to improved financial health and flexibility in the long term.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
YETI Holdings Inc
YETI
1.74
Callaway Golf Company
MODG
3.17