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Latham Group (Latham Group) Debt-to-Equity : 0.83 (As of Dec. 2023)


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What is Latham Group Debt-to-Equity?

Latham Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.4 Mil. Latham Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $304.7 Mil. Latham Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $399.2 Mil. Latham Group's debt to equity for the quarter that ended in Dec. 2023 was 0.83.

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 Latham Group's Debt-to-Equity or its related term are showing as below:

SWIM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79   Med: 0.83   Max: 1.15
Current: 0.83

During the past 5 years, the highest Debt-to-Equity Ratio of Latham Group was 1.15. The lowest was 0.79. And the median was 0.83.

SWIM's Debt-to-Equity is ranked worse than
70.47% of 1507 companies
in the Construction industry
Industry Median: 0.43 vs SWIM: 0.83

Latham Group Debt-to-Equity Historical Data

The historical data trend for Latham Group'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.

Latham Group Debt-to-Equity Chart

Latham Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
1.15 0.79 0.79 0.92 0.83

Latham Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 1.06 0.90 0.85 0.83

Competitive Comparison of Latham Group's Debt-to-Equity

For the Building Products & Equipment subindustry, Latham Group'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.


Latham Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Latham Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Latham Group's Debt-to-Equity falls into.



Latham Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Latham Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Latham Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Latham Group  (NAS:SWIM) 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.


Latham Group Debt-to-Equity Related Terms

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


Latham Group (Latham Group) Business Description

Traded in Other Exchanges
N/A
Address
787 Watervliet Shaker Road, Latham, NY, USA, 12110
Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.
Executives
Oliver C. Gloe officer: VICE PRESIDENT, FINANCE C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski director, officer: Chief Executive Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck officer: Chief Human Resources Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller officer: General Counsel & Secretary 343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline director C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley officer: Chief Commercial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala officer: Vice President & Controller 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt director 112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson director 650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl officer: COO Latham Pool Products, Inc. C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake officer: Chief Operating Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110