Part 3/8:
While the overall debt situation is characterized as moderate, with an EBITDA multiple of around 3.5X, some red flags emerge upon closer inspection. To begin with, Yeti's interest expenses, which amount to roughly $16.7 million—more than the company’s net income from its first reporting period—could pose risks in the event of revenue fluctuations, particularly if growth is driven primarily by transient trends rather than sustainable demand.