Lazydays Holdings (Lazydays Holdings) Debt-to-Equity : 3.07 (As of Mar. 2024)

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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 Mar. 2024 was $376.60 Mil. Lazydays Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $212.05 Mil. Lazydays Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $191.72 Mil. Lazydays Holdings's debt to equity for the quarter that ended in Mar. 2024 was 3.07.

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:

LAZYW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.43 Max: 3.19
Current: 3.07

During the past 8 years, the highest Debt-to-Equity Ratio of Lazydays Holdings was 3.19. The lowest was 0.00. And the median was 1.43.

LAZYW's Debt-to-Equity is ranked worse than
95.82% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs LAZYW: 3.07

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
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.53	1.44	1.66	3.19	3.07

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 Mar. 2024 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
	=	(376.6	+	212.051)	/	191.719
	=	3.07

Lazydays Holdings (OTCPK:LAZYW) 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 (OTCPK:LAZYW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GORV:USA 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.