Lazydays Holdings (Lazydays Holdings) Debt-to-Equity : 3.19 (As of Dec. 2023)

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What is Lazydays Holdings Debt-to-Equity?

Lazydays Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $456 Mil. Lazydays Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $225 Mil. Lazydays Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $213 Mil. Lazydays Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.19.

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 Lazydays Holdings's Debt-to-Equity or its related term are showing as below:

GORV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 1.66 Max: 3.19
Current: 3.19

During the past 8 years, the highest Debt-to-Equity Ratio of Lazydays Holdings was 3.19. The lowest was 0.02. And the median was 1.66.

GORV's Debt-to-Equity is ranked worse than
96.08% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs GORV: 3.19

Lazydays Holdings Debt-to-Equity Historical Data

The historical data trend for Lazydays 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.

Lazydays Holdings Debt-to-Equity Chart

Lazydays Holdings Annual Data

Trend

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.70

1.66

1.33

1.65

3.19

Lazydays 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	Get a 7-Day Free Trial															1.65	1.53	1.44	1.66	3.19

Competitive Comparison of Lazydays Holdings's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Lazydays 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.

Lazydays Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Lazydays Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lazydays Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(455.673	+	224.572)	/	213.19
	=	3.19

Lazydays 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
	=	(455.673	+	224.572)	/	213.19
	=	3.19

Lazydays Holdings (NAS:GORV) 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.

Lazydays Holdings Debt-to-Equity Related Terms

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Lazydays Holdings (Lazydays Holdings) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

5ZL:Germany

Address

4042 Park Oaks Boulevard, Suite 350, Tampa, FL, USA, 33610

Website

https://www.lazydays.com

Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts. The company generate revenue providing a full spectrum of RV products: New and pre-owned RV sales, RV-parts and service, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities.

Executives

John F North	director, officer: Chief Executive Officer	150 N. BARTLETT STREET, MEDFORD OR 97501
Kelly Porter	officer: Chief Financial Officer	4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
Coliseum Capital Management, Llc	director, 10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Susan Scarola	director	4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
Suzanne Tager	director	4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
David Kanen	10 percent owner, other: See Explanation of Responses	6429 NW 65TH WAY, PARKLAND FL 33067
Nicholas J Tomashot	officer: Chief Financial Officer	C/O LAZYDAYS HOLDINGS, INC., 6130 LAZY DAYS BOULEVARD, SEFFNER FL 33584
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Philotimo Fund, Lp	other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Philotimo Focused Growth & Income Fund	other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc	10 percent owner, other: See Explanation of Responses	5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brf Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
B. Riley Principal Investments, Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025