Debt to Equity
since 2005
Calculation
Deckers Outdoor Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Mar 31, 2023 | 0.00 | = | —) | ÷ | 1,765,733) |
| Mar 31, 2022 | 0.00 | = | —) | ÷ | 1,538,825) |
| Mar 31, 2021 | 0.00 | = | —) | ÷ | 1,444,225) |
| Mar 31, 2020 | 0.03 | = | 30,901) | ÷ | 1,140,120) |
| Mar 31, 2019 | 0.03 | = | 31,504) | ÷ | 1,045,130) |
| Mar 31, 2018 | 0.03 | = | 32,082) | ÷ | 940,779) |
| Mar 31, 2017 | 0.03 | = | 32,631) | ÷ | 954,255) |
| Mar 31, 2016 | 0.10 | = | 100,106) | ÷ | 967,471) |
| Mar 31, 2015 | 0.04 | = | 38,537) | ÷ | 937,012) |
| Dec 31, 2014 | 0.01 | = | 6,702) | ÷ | 888,849) |
| Dec 31, 2013 | 0.01 | = | 9,728) | ÷ | 888,119) |
| Dec 31, 2012 | 0.04 | = | 33,000) | ÷ | 738,801) |
| Dec 31, 2011 | 0.00 | = | —) | ÷ | 835,936) |
| Dec 31, 2010 | 0.00 | = | —) | ÷ | 652,987) |
| Dec 31, 2009 | 0.00 | = | —) | ÷ | 491,358) |
| Dec 31, 2008 | 0.00 | = | —) | ÷ | 384,252) |
| Dec 31, 2007 | 0.00 | = | —) | ÷ | 298,638) |
| Dec 31, 2006 | 0.00 | = | —) | ÷ | 210,410) |
| Dec 31, 2005 | 0.00 | = | —) | ÷ | 177,555) |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data indicates a conservative approach to capital structure, characterized by consistent equity growth and minimal reliance on debt financing over the analyzed period.
- Stockholders' Equity Expansion
- Equity exhibits a consistent and significant upward trajectory, increasing from 177,555 thousand US dollars in 2005 to 1,765,733 thousand US dollars by March 31, 2023. This represents a substantial growth in the company's net asset base over nearly two decades.
- Total Debt Trends
- Debt levels have remained low relative to equity. After remaining negligible or unreported until 2012, total debt peaked on March 31, 2016, at 100,106 thousand US dollars. Following this peak, debt levels declined and stabilized at approximately 31,000 thousand US dollars between 2017 and 2020, before no further debt was reported in the subsequent periods.
- Debt to Equity Ratio Interpretation
- The debt to equity ratio remained exceptionally low, ranging from a minimum of 0.01 to a maximum of 0.10. The peak ratio of 0.10 in 2016 aligns with the increase in total debt during that year. From 2017 through 2020, the ratio held steady at 0.03, underscoring a strategy of low financial leverage and a strong solvency position.
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Comparison to Competitors
Deckers Outdoor Corp., debt to equity, long-term trends, comparison to competitors
| Deckers Outdoor Corp. | lululemon athletica inc. | Nike Inc. | |
|---|---|---|---|
| Mar 31, 2023 | 0.00 | 0.00 | 0.64 |
| Mar 31, 2022 | 0.00 | 0.00 | 0.62 |
| Mar 31, 2021 | 0.00 | 0.00 | 0.74 |
| Mar 31, 2020 | 0.03 | 0.00 | 1.20 |
| Mar 31, 2019 | 0.03 | 0.00 | 0.38 |
| Mar 31, 2018 | 0.03 | 0.00 | 0.39 |
| Mar 31, 2017 | 0.03 | 0.00 | 0.31 |
| Mar 31, 2016 | 0.10 | 0.00 | 0.17 |
| Mar 31, 2015 | 0.04 | 0.00 | 0.10 |
| Dec 31, 2014 | 0.01 | 0.00 | 0.13 |
| Dec 31, 2013 | 0.01 | 0.00 | 0.12 |
| Dec 31, 2012 | 0.04 | 0.00 | 0.04 |
| Dec 31, 2011 | 0.00 | 0.00 | 0.07 |
| Dec 31, 2010 | 0.00 | 0.00 | 0.06 |
| Dec 31, 2009 | 0.00 | 0.00 | 0.09 |
| Dec 31, 2008 | 0.00 | 0.00 | 0.08 |
| Dec 31, 2007 | 0.00 | — | 0.08 |
| Dec 31, 2006 | 0.00 | — | 0.11 |
| Dec 31, 2005 | 0.00 | — | 0.14 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Durables & Apparel)
Deckers Outdoor Corp., debt to equity, long-term trends, comparison to sector (consumer durables & apparel)
| Deckers Outdoor Corp. | Consumer Durables & Apparel | |
|---|---|---|
| Mar 31, 2023 | 0.00 | 0.52 |
| Mar 31, 2022 | 0.00 | 0.52 |
| Mar 31, 2021 | 0.00 | 0.61 |
| Mar 31, 2020 | 0.03 | 0.97 |
| Mar 31, 2019 | 0.03 | 0.33 |
| Mar 31, 2018 | 0.03 | 0.33 |
| Mar 31, 2017 | 0.03 | 0.28 |
| Mar 31, 2016 | 0.10 | 0.15 |
| Mar 31, 2015 | 0.04 | 0.09 |
| Dec 31, 2014 | 0.01 | 0.12 |
| Dec 31, 2013 | 0.01 | 0.12 |
| Dec 31, 2012 | 0.04 | 0.04 |
| Dec 31, 2011 | 0.00 | 0.06 |
| Dec 31, 2010 | 0.00 | 0.06 |
| Dec 31, 2009 | 0.00 | 0.09 |
| Dec 31, 2008 | 0.00 | 0.08 |
| Dec 31, 2007 | 0.00 | 0.08 |
| Dec 31, 2006 | 0.00 | 0.11 |
| Dec 31, 2005 | 0.00 | 0.14 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Deckers Outdoor Corp., debt to equity, long-term trends, comparison to industry (consumer discretionary)
| Deckers Outdoor Corp. | Consumer Discretionary | |
|---|---|---|
| Mar 31, 2023 | 0.00 | 1.28 |
| Mar 31, 2022 | 0.00 | 1.44 |
| Mar 31, 2021 | 0.00 | 1.41 |
| Mar 31, 2020 | 0.03 | 2.17 |
| Mar 31, 2019 | 0.03 | 2.60 |
| Mar 31, 2018 | 0.03 | 2.59 |
| Mar 31, 2017 | 0.03 | 2.55 |
| Mar 31, 2016 | 0.10 | 2.21 |
| Mar 31, 2015 | 0.04 | 1.88 |
| Dec 31, 2014 | 0.01 | 1.60 |
| Dec 31, 2013 | 0.01 | 1.25 |
| Dec 31, 2012 | 0.04 | 1.19 |
| Dec 31, 2011 | 0.00 | 1.09 |
| Dec 31, 2010 | 0.00 | 1.26 |
| Dec 31, 2009 | 0.00 | 2.58 |
| Dec 31, 2008 | 0.00 | 4.06 |
| Dec 31, 2007 | 0.00 | 2.62 |
| Dec 31, 2006 | 0.00 | 2.96 |
| Dec 31, 2005 | 0.00 | 2.35 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).