ABM Industries Incorporated (ABM)
Debt-to-assets ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,302,200 | 1,305,100 | 1,239,000 | 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 |
| Total assets | US$ in thousands | 5,097,200 | 5,040,400 | 4,929,500 | 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 |
| Debt-to-assets ratio | 0.26 | 0.26 | 0.25 | 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 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,302,200K ÷ $5,097,200K
= 0.26
The debt-to-assets ratio of ABM Industries Incorporated has shown relative stability over the last few quarters, averaging around 0.24 to 0.26. This indicates that the company has been financing a moderate portion of its assets with debt, as opposed to relying heavily on equity. The slight fluctuations in the ratio suggest that ABM has been managing its debt levels consistently, without any significant spikes or drops. The ratio has been generally within a healthy range, not suggesting any alarming levels of leverage that could potentially pose a risk to the company's financial health. Overall, the stable debt-to-assets ratio reflects a balanced approach to capital structure and financial risk management by ABM Industries.
Peer comparison
Oct 31, 2024