MasterCraft Boat Holdings (MasterCraft Boat Holdings) Debt-to-Equity

: 0.27 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

MasterCraft Boat Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.4 Mil. MasterCraft Boat Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $47.1 Mil. MasterCraft Boat Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $193.1 Mil. MasterCraft Boat Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MasterCraft Boat Holdings's Debt-to-Equity or its related term are showing as below:

MCFT' s Debt-to-Equity Range Over the Past 10 Years
Min: -55.07 Med: 1.02 Max: 16.59
Current: 0.27

During the past 11 years, the highest Debt-to-Equity Ratio of MasterCraft Boat Holdings was 16.59. The lowest was -55.07. And the median was 1.02.

MCFT's Debt-to-Equity is ranked better than
66.38% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs MCFT: 0.27

MasterCraft Boat Holdings Debt-to-Equity Historical Data

The historical data trend for MasterCraft Boat Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MasterCraft Boat Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

1.57

2.22

0.86

0.39

0.28

MasterCraft Boat Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.35	0.31	0.28	0.27	0.27

Competitive Comparison

For the Recreational Vehicles subindustry, MasterCraft Boat Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MasterCraft Boat Holdings Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, MasterCraft Boat Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MasterCraft Boat Holdings's Debt-to-Equity falls into.

MasterCraft Boat Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MasterCraft Boat Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.381	+	49.295)	/	191.969
	=	0.28

MasterCraft Boat Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.368	+	47.075)	/	193.131
	=	0.27

MasterCraft Boat Holdings (NAS:MCFT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MasterCraft Boat Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MasterCraft Boat Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MasterCraft Boat Holdings (MasterCraft Boat Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MasterCraft Boat Holdings Inc (NAS:MCFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1SG:Germany

Address

100 Cherokee Cove Drive, Vonore, TN, USA, 37885

Website

https://www.mastercraft.com

MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments. The MasterCraft segment generates the majority of the company's revenue and includes inboard boats for water skiing, wakeboarding, and wake surfing. The NauticStar segment includes outboard boats for fishing and recreational boating. Its Crest boats are used for general recreational boating. the majority of the company's sales are made in North America.

Executives

Donald C Campion	director	3747 LOCH BEND DR., COMMERCE MI 48382
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kamilah Mitchell-thomas	director	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Coliseum Capital Partners, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Stephan Cloutier	officer: President, Aviara	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jennifer Deason	director	1040 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10018
Peter G Leemputte	director	CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601
Roch Lambert	director	100 CHEROKEE COVE DRIVE, VONORE TN 37855
George Steinbarger	officer: Chief Revenue Officer	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Timothy M. Oxley	officer: Chief Financial Officer	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855
Scott Womack	officer: President, NauticStar	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jay S. Povlin	officer: President, NauticStar	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855