YETI Holdings Inc (YETI)

Solvency ratios

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
Debt-to-assets ratio 0.06 0.07 0.07 0.07 0.07 0.08 0.08 0.09 0.09 0.11 0.12 0.14 0.15 0.30 0.43 0.49 0.45 0.45 0.49 0.55
Debt-to-capital ratio 0.10 0.11 0.12 0.11 0.12 0.12 0.14 0.17 0.16 0.19 0.22 0.25 0.28 0.49 0.62 0.71 0.70 0.74 0.80 0.89
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
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

YETI Holdings Inc's solvency ratios have shown fluctuations over the reporting periods. The debt-to-assets ratio has generally remained low and stable, ranging from 0.06 to 0.55, indicating that the company has maintained a conservative level of debt in relation to its total assets.

Similarly, the debt-to-capital and debt-to-equity ratios have fluctuated within a certain range, showing that the company has been able to manage its debt levels relative to its overall capital and shareholders' equity. However, it is worth noting that these ratios have trended upwards over time, indicating that the company has taken on increasing levels of debt compared to its capital structure.

The financial leverage ratio, which measures the company's total assets relative to shareholders' equity, has seen significant variability, ranging from 1.79 to 13.98. This indicates fluctuations in the amount of debt used by the company to finance its assets, with higher ratios implying higher financial leverage and potentially increased financial risk.

Overall, YETI Holdings Inc's solvency ratios suggest that the company has maintained a relatively stable and conservative financial structure in terms of debt utilization, but the increasing trend in leverage ratios warrants careful monitoring of the company's risk profile and ability to meet its financial obligations in the long term.

Coverage ratios

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
Interest coverage 240.88 30.57 22.30 23.65 27.01 62.10 76.13 81.88 81.39 66.25 51.99 34.76 23.41 11.53 6.77 5.02 4.09 4.78

YETI Holdings Inc's interest coverage ratio has shown significant fluctuations over the past few years. The company's interest coverage ratio was highest at 240.88 in December 2023, indicating that the company was comfortably able to cover its interest payments with its earnings. However, this ratio decreased to 30.57 in September 2023, and further declined to 22.30 in June 2023, suggesting a potential strain on the company's ability to cover interest expenses during these periods.

The interest coverage ratio improved in the subsequent quarters, reaching 27.01 in December 2022, 62.10 in September 2022, and peaking at 81.88 in June 2022. This indicates that YETI Holdings Inc was better positioned to meet its interest obligations during these periods.

Despite the fluctuations, the interest coverage ratio generally remained above 1, indicating that YETI Holdings Inc generated enough operating income to cover its interest expenses. However, investors and creditors may want to monitor the trend in the interest coverage ratio to assess the company's ability to service its debt obligations effectively in the long run.