Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Deckers Outdoor Corp., solvency ratios

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Debt Ratios
Debt to equity 0.00 0.00 0.00 0.03 0.03 0.03
Debt to equity (including operating lease liability) 0.14 0.14 0.15 0.26 0.03 0.03
Debt to capital 0.00 0.00 0.00 0.03 0.03 0.03
Debt to capital (including operating lease liability) 0.12 0.13 0.13 0.21 0.03 0.03
Debt to assets 0.00 0.00 0.00 0.02 0.02 0.03
Debt to assets (including operating lease liability) 0.10 0.10 0.10 0.17 0.02 0.03
Financial leverage 1.45 1.52 1.50 1.55 1.37 1.34
Coverage Ratios
Interest coverage 194.52 272.07 84.20 68.55 71.57 49.13
Fixed charge coverage 12.81 11.61 9.52 6.41 5.18 3.76

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Deckers Outdoor Corp. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Deckers Outdoor Corp. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Deckers Outdoor Corp. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Deckers Outdoor Corp. financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Deckers Outdoor Corp. interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Deckers Outdoor Corp. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023.

Debt to Equity

Deckers Outdoor Corp., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
 
Stockholders’ equity 1,765,733 1,538,825 1,444,225 1,140,120 1,045,130 940,779
Solvency Ratio
Debt to equity1 0.00 0.00 0.00 0.03 0.03 0.03
Benchmarks
Debt to Equity, Competitors2
lululemon athletica inc. 0.00 0.00 0.00 0.00 0.00
Nike Inc. 0.64 0.62 0.74 1.20 0.38
Debt to Equity, Sector
Consumer Durables & Apparel 0.52 0.52 0.61 0.97 0.33
Debt to Equity, Industry
Consumer Discretionary 1.37 1.54 1.52 2.37 2.78

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).

1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 0 ÷ 1,765,733 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.

Debt to Equity (including Operating Lease Liability)

Deckers Outdoor Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
Current portion of operating lease liabilities 50,765 50,098 46,768 49,091
Long-term operating lease liabilities 195,723 171,972 176,274 215,724
Total debt (including operating lease liability) 246,488 222,070 223,042 295,716 31,504 32,082
 
Stockholders’ equity 1,765,733 1,538,825 1,444,225 1,140,120 1,045,130 940,779
Solvency Ratio
Debt to equity (including operating lease liability)1 0.14 0.14 0.15 0.26 0.03 0.03
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
lululemon athletica inc. 0.34 0.32 0.31 0.38 0.00
Nike Inc. 0.87 0.83 1.00 1.62 0.38
Debt to Equity (including Operating Lease Liability), Sector
Consumer Durables & Apparel 0.77 0.75 0.89 1.37 0.33
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary 1.72 1.94 1.90 2.84 3.08

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).

1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 246,488 ÷ 1,765,733 = 0.14

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Deckers Outdoor Corp. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.

Debt to Capital

Deckers Outdoor Corp., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
Stockholders’ equity 1,765,733 1,538,825 1,444,225 1,140,120 1,045,130 940,779
Total capital 1,765,733 1,538,825 1,444,225 1,171,021 1,076,634 972,861
Solvency Ratio
Debt to capital1 0.00 0.00 0.00 0.03 0.03 0.03
Benchmarks
Debt to Capital, Competitors2
lululemon athletica inc. 0.00 0.00 0.00 0.00 0.00
Nike Inc. 0.39 0.38 0.42 0.55 0.28
Debt to Capital, Sector
Consumer Durables & Apparel 0.34 0.34 0.38 0.49 0.25
Debt to Capital, Industry
Consumer Discretionary 0.58 0.61 0.60 0.70 0.74

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).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 1,765,733 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.

Debt to Capital (including Operating Lease Liability)

Deckers Outdoor Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
Current portion of operating lease liabilities 50,765 50,098 46,768 49,091
Long-term operating lease liabilities 195,723 171,972 176,274 215,724
Total debt (including operating lease liability) 246,488 222,070 223,042 295,716 31,504 32,082
Stockholders’ equity 1,765,733 1,538,825 1,444,225 1,140,120 1,045,130 940,779
Total capital (including operating lease liability) 2,012,221 1,760,895 1,667,267 1,435,836 1,076,634 972,861
Solvency Ratio
Debt to capital (including operating lease liability)1 0.12 0.13 0.13 0.21 0.03 0.03
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
lululemon athletica inc. 0.25 0.24 0.24 0.27 0.00
Nike Inc. 0.46 0.45 0.50 0.62 0.28
Debt to Capital (including Operating Lease Liability), Sector
Consumer Durables & Apparel 0.44 0.43 0.47 0.58 0.25
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary 0.63 0.66 0.65 0.74 0.76

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).

1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 246,488 ÷ 2,012,221 = 0.12

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Deckers Outdoor Corp. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.

Debt to Assets

Deckers Outdoor Corp., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
 
Total assets 2,556,203 2,332,250 2,167,705 1,765,118 1,427,206 1,264,379
Solvency Ratio
Debt to assets1 0.00 0.00 0.00 0.02 0.02 0.03
Benchmarks
Debt to Assets, Competitors2
lululemon athletica inc. 0.00 0.00 0.00 0.00 0.00
Nike Inc. 0.24 0.23 0.25 0.31 0.15
Debt to Assets, Sector
Consumer Durables & Apparel 0.21 0.21 0.22 0.28 0.13
Debt to Assets, Industry
Consumer Discretionary 0.34 0.35 0.36 0.41 0.45

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).

1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 2,556,203 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.

Debt to Assets (including Operating Lease Liability)

Deckers Outdoor Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Short-term borrowings 638 603 578
Mortgage payable 30,263 30,901 31,504
Total debt 30,901 31,504 32,082
Current portion of operating lease liabilities 50,765 50,098 46,768 49,091
Long-term operating lease liabilities 195,723 171,972 176,274 215,724
Total debt (including operating lease liability) 246,488 222,070 223,042 295,716 31,504 32,082
 
Total assets 2,556,203 2,332,250 2,167,705 1,765,118 1,427,206 1,264,379
Solvency Ratio
Debt to assets (including operating lease liability)1 0.10 0.10 0.10 0.17 0.02 0.03
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
lululemon athletica inc. 0.19 0.18 0.19 0.23 0.00
Nike Inc. 0.32 0.31 0.34 0.42 0.15
Debt to Assets (including Operating Lease Liability), Sector
Consumer Durables & Apparel 0.31 0.30 0.32 0.40 0.13
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary 0.43 0.44 0.45 0.50 0.50

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).

1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 246,488 ÷ 2,556,203 = 0.10

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Deckers Outdoor Corp. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Financial Leverage

Deckers Outdoor Corp., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Total assets 2,556,203 2,332,250 2,167,705 1,765,118 1,427,206 1,264,379
Stockholders’ equity 1,765,733 1,538,825 1,444,225 1,140,120 1,045,130 940,779
Solvency Ratio
Financial leverage1 1.45 1.52 1.50 1.55 1.37 1.34
Benchmarks
Financial Leverage, Competitors2
lululemon athletica inc. 1.78 1.80 1.64 1.68 1.44
Nike Inc. 2.68 2.64 2.96 3.89 2.62
Financial Leverage, Sector
Consumer Durables & Apparel 2.51 2.51 2.74 3.46 2.46
Financial Leverage, Industry
Consumer Discretionary 4.00 4.38 4.26 5.72 6.22

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).

1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 2,556,203 ÷ 1,765,733 = 1.45

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Deckers Outdoor Corp. financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Interest Coverage

Deckers Outdoor Corp., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income 516,822 451,949 382,575 276,142 264,308 114,394
Add: Income tax expense 149,260 112,689 118,939 64,724 64,626 106,302
Add: Interest expense 3,442 2,083 6,028 5,046 4,661 4,585
Earnings before interest and tax (EBIT) 669,524 566,721 507,542 345,912 333,595 225,281
Solvency Ratio
Interest coverage1 194.52 272.07 84.20 68.55 71.57 49.13
Benchmarks
Interest Coverage, Competitors2
lululemon athletica inc.
Nike Inc. 22.31 23.24 23.50 20.12 37.65
Interest Coverage, Sector
Consumer Durables & Apparel 26.89 27.71 26.27 26.06 43.11
Interest Coverage, Industry
Consumer Discretionary 12.27 9.45 13.29 7.81 9.65

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).

1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 669,524 ÷ 3,442 = 194.52

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Deckers Outdoor Corp. interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Fixed Charge Coverage

Deckers Outdoor Corp., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income 516,822 451,949 382,575 276,142 264,308 114,394
Add: Income tax expense 149,260 112,689 118,939 64,724 64,626 106,302
Add: Interest expense 3,442 2,083 6,028 5,046 4,661 4,585
Earnings before interest and tax (EBIT) 669,524 566,721 507,542 345,912 333,595 225,281
Add: Rent expense for operating leases 52,961 51,126 52,849 57,966 74,085 75,455
Earnings before fixed charges and tax 722,485 617,847 560,391 403,878 407,680 300,736
 
Interest expense 3,442 2,083 6,028 5,046 4,661 4,585
Rent expense for operating leases 52,961 51,126 52,849 57,966 74,085 75,455
Fixed charges 56,403 53,209 58,877 63,012 78,746 80,040
Solvency Ratio
Fixed charge coverage1 12.81 11.61 9.52 6.41 5.18 3.76
Benchmarks
Fixed Charge Coverage, Competitors2
lululemon athletica inc. 6.42 7.19 5.23 6.09 4.61
Nike Inc. 8.08 8.46 8.53 5.01 6.00
Fixed Charge Coverage, Sector
Consumer Durables & Apparel 7.72 8.21 7.94 5.22 5.76
Fixed Charge Coverage, Industry
Consumer Discretionary 4.98 3.70 5.63 3.72 4.20

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).

1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 722,485 ÷ 56,403 = 12.81

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Deckers Outdoor Corp. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023.