ABM Industries Incorporated (ABM)
Debt-to-assets ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,296,900 | 1,279,800 | 1,292,700 | 1,352,500 | 1,203,400 | 1,086,300 | 1,009,200 | 986,600 | 971,900 | 852,800 | 623,800 | 524,200 | 573,800 | 603,000 | 664,200 | 1,105,700 | 786,300 | 744,200 | 872,200 | 905,500 |
| Total assets | US$ in thousands | 4,955,400 | 4,933,700 | 4,970,000 | 4,932,900 | 4,918,000 | 4,868,900 | 4,607,600 | 4,586,300 | 4,504,900 | 4,436,200 | 3,897,400 | 3,792,000 | 3,782,200 | 3,776,900 | 3,668,300 | 4,079,200 | 3,847,100 | 3,692,600 | 3,744,000 | 3,729,900 |
| Debt-to-assets ratio | 0.26 | 0.26 | 0.26 | 0.27 | 0.24 | 0.22 | 0.22 | 0.22 | 0.22 | 0.19 | 0.16 | 0.14 | 0.15 | 0.16 | 0.18 | 0.27 | 0.20 | 0.20 | 0.23 | 0.24 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,296,900K ÷ $4,955,400K
= 0.26
ABM Industries Inc.'s debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.25 to 0.28. The company's debt levels represent a moderate proportion of its total assets, with the ratio consistently hovering around 0.26-0.27 in the recent quarters. This indicates that ABM Industries relies moderately on debt financing to support its operations and growth initiatives, while also maintaining a significant portion of its assets financed by equity. The consistency in the debt-to-assets ratio suggests that the company has maintained a balanced approach to capital structure management during the analyzed period.
Peer comparison
Jan 31, 2024