YETI Holdings Inc (YETI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,286,120 | 1,273,190 | 1,232,300 | 1,119,800 | 1,297,190 | 1,155,880 | 1,085,440 | 1,006,520 | 1,076,760 | 983,226 | 1,055,360 | 969,529 | 1,096,360 | 945,508 | 863,975 | 733,252 | 737,067 | 712,572 | 627,452 | 666,769 |
| 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 |
| Financial leverage ratio | 1.74 | 1.65 | 1.75 | 1.73 | 1.79 | 1.81 | 1.85 | 1.86 | 2.05 | 1.79 | 2.11 | 2.17 | 2.12 | 2.15 | 2.25 | 2.28 | 2.56 | 3.20 | 3.71 | 5.06 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,286,120K ÷ $740,107K
= 1.74
YETI Holdings Inc's financial leverage ratio has shown a declining trend over the given periods, indicating an improvement in the company's financial leverage position. The ratio decreased from 5.06 as of March 31, 2020, to 1.74 as of December 31, 2024. This downward trend suggests that the company's reliance on debt to finance its operations has reduced over time, which is generally viewed positively by investors and creditors as it indicates a lower risk of financial distress. Overall, the declining financial leverage ratio reflects YETI Holdings Inc's efforts to strengthen its financial structure and reduce its debt burden over the analyzed period.
Peer comparison
Dec 31, 2024