YETI Holdings Inc (YETI)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 | 629,539 |
| Total stockholders’ equity | US$ in thousands | 723,610 | 526,477 | 517,823 | 288,418 | 122,005 |
| Financial leverage ratio | 1.79 | 2.05 | 2.12 | 2.56 | 5.16 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,297,190K ÷ $723,610K
= 1.79
The financial leverage ratio of YETI Holdings Inc has shown a declining trend over the past five years. The ratio has decreased from 5.16 in 2019 to 1.79 in 2023. This indicates a reduction in the company's reliance on debt financing to fund its operations and investments. A lower financial leverage ratio suggests that a company's financial risk has decreased as it is using less debt to finance its assets. YETI Holdings Inc's decreasing financial leverage ratio may indicate a strengthening financial position and improved stability. However, it is important to closely monitor the trend and assess the company's ability to generate sustainable profits and cash flows to support its operations and debt obligations.
Peer comparison
Dec 31, 2023