YETI Holdings Inc (YETI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 629,539 | 559,695 | 540,436 | 495,786 |
| 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 |
| Financial leverage ratio | 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 | 5.16 | 6.37 | 8.45 | 13.98 |
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 fluctuated over the past few quarters. The ratio measures the extent to which the company is relying on debt to finance its operations and growth. A higher financial leverage ratio indicates higher debt levels relative to equity, suggesting increased financial risk.
From December 2019 to March 2020, the financial leverage ratio increased significantly, reaching 5.06. This sharp rise may signal a substantial increase in debt compared to equity during that period. Subsequently, the ratio continued to climb, peaking at 13.98 by the end of 2020, indicating a significant reliance on debt financing.
In the most recent periods, the financial leverage ratio has decreased from its peak, suggesting a possible reduction in debt levels relative to equity. As of December 2023, the ratio stands at 1.79, indicating a lower dependency on debt to finance the company's operations compared to previous periods. However, it is essential to monitor this ratio over time to assess the company's overall financial risk and capital structure stability.
Peer comparison
Dec 31, 2023