YETI Holdings Inc (YETI)

Solvency ratios

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
Debt-to-assets ratio 0.06 0.06 0.06 0.07 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
Debt-to-capital ratio 0.09 0.09 0.10 0.11 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
Debt-to-equity ratio 0.10 0.10 0.11 0.12 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
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

The solvency ratios of YETI Holdings Inc indicate a strong financial position with improving levels of leverage and debt management over the years.

The Debt-to-assets ratio has consistently decreased from 49% in March 2020 to 6% in December 2024, showcasing the company's ability to reduce its reliance on debt to finance its assets.

The Debt-to-capital ratio has also shown a declining trend, decreasing from 71% in March 2020 to 9% in December 2024. This indicates that YETI Holdings Inc has been successful in reducing its debt in relation to its total capital.

Similarly, the Debt-to-equity ratio has demonstrated a decreasing pattern, falling from 2.48 in March 2020 to 0.10 in December 2024. This decline reflects the company's efforts in decreasing its debt compared to its equity, making it less risky for investors.

The Financial leverage ratio has shown a downward trend as well, dropping from 5.06 in March 2020 to 1.74 in December 2024. This reduction in financial leverage indicates that the company has been able to decrease its dependence on debt to fund its operations and investments.

Overall, YETI Holdings Inc's solvency ratios suggest a stable and healthy financial position, with a decreasing reliance on debt and improved financial leverage over the years.

Coverage ratios

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
Interest coverage 371.76 — — — 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

Interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

Analyzing YETI Holdings Inc's interest coverage ratio over the specified periods reveals a positive trend in the company's ability to cover its interest expenses. The ratio started at 5.02 on March 31, 2020, and steadily increased over the successive periods, reaching a peak of 371.76 on December 31, 2024. This significant increase indicates a substantial improvement in YETI's ability to meet its interest payments comfortably.

However, it is noteworthy that the interest coverage ratio saw a slight decline in the most recent periods, dropping from 81.88 on March 31, 2022, to 22.30 on June 30, 2023. Despite this dip, the ratio remained above 1, suggesting that YETI Holdings Inc still had sufficient operating income to cover its interest expenses.

Overall, the trend in YETI's interest coverage ratio indicates a strong financial position and ability to meet its interest obligations, with the most recent data pointing to a potential need for monitoring to ensure that the company maintains a healthy level of interest coverage in the future.