Deckers Outdoor Corp. (NYSE:DECK)

The financial data for the period ending March 31, 2018, through March 31, 2020, indicates a consistent reduction in the carrying amount of long-term debt obligations, paired with a slight increase in short-term borrowing requirements.

Mortgage Obligations

A steady decline in mortgage payable is observed, decreasing from US$ 31,504 thousand in 2018 to US$ 30,263 thousand in 2020. The total mortgage payable carrying amount followed a similar downward trajectory, falling from US$ 32,082 thousand to US$ 30,901 thousand over the same period, suggesting a consistent repayment of principal.

Short-Term Borrowings

Short-term borrowings experienced a marginal upward trend, rising from US$ 578 thousand in 2018 to US$ 638 thousand in 2020. This increase is minimal relative to the total debt profile and does not significantly offset the reductions seen in long-term obligations.

Debt Composition and Trend

The debt structure is heavily weighted toward mortgage payables, which constitute the vast majority of the recorded liabilities. The overall trend between 2018 and 2020 reflects a gradual deleveraging process, as the reduction in mortgage balances outweighs the slight growth in short-term credit utilization.