ABM Industries Incorporated (ABM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,822,700 | 1,799,900 | 1,860,100 | 1,782,800 | 1,736,500 | 1,717,200 | 1,680,300 | 1,669,600 | 1,655,200 | 1,609,200 | 1,580,300 | 1,599,800 | 1,569,100 | 1,500,300 | 1,451,300 | 1,395,200 | 1,559,700 | 1,542,000 | 1,503,600 | 1,481,400 |
| Debt-to-capital ratio | 0.42 | 0.42 | 0.41 | 0.43 | 0.41 | 0.39 | 0.38 | 0.37 | 0.37 | 0.35 | 0.28 | 0.25 | 0.27 | 0.29 | 0.31 | 0.44 | 0.34 | 0.33 | 0.37 | 0.38 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,296,900K ÷ ($1,296,900K + $1,822,700K)
= 0.42
The debt-to-capital ratio for ABM Industries Inc. has remained relatively stable over the past eight quarters, ranging from 0.41 to 0.44. This ratio indicates the proportion of the company's capital that is financed through debt, with values closer to 1 indicating higher debt levels relative to capital.
ABM Industries Inc. has maintained a moderate level of debt in its capital structure, with the ratio hovering around 0.42 for most quarters. A consistent ratio suggests that the company has maintained a balance between debt and equity financing. However, the slight increase to 0.44 in Q2 2023 and Q1 2023 may indicate a temporary increase in debt relative to capital in those periods.
Overall, the stability of the debt-to-capital ratio suggests that ABM Industries Inc. has not significantly altered its capital structure in recent quarters. However, it is important for investors and analysts to monitor changes in this ratio over time to assess the company's financial leverage and risk profile.
Peer comparison
Jan 31, 2024