ABM Industries Incorporated (ABM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,781,900 | 1,835,000 | 1,835,000 | 1,843,600 | 1,799,900 | 1,860,100 | 1,860,100 | 1,782,800 | 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 |
| Debt-to-capital ratio | 0.42 | 0.42 | 0.40 | 0.41 | 0.42 | 0.41 | 0.42 | 0.40 | 0.39 | 0.38 | 0.37 | 0.37 | 0.35 | 0.28 | 0.25 | 0.27 | 0.29 | 0.31 | 0.44 | 0.34 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,302,200K ÷ ($1,302,200K + $1,781,900K)
= 0.42
The debt-to-capital ratio of ABM Industries Incorporated has shown some fluctuations over the past several quarters. The ratio has ranged between 0.25 and 0.44.
From the data provided, we can see that the debt-to-capital ratio was relatively stable around the 0.40 range in the most recent quarters. This indicates that the company's level of debt in relation to its total capital remained consistent during this period.
However, looking at a longer historical trend, there seems to have been some variability in the debt-to-capital ratio over time. The ratio decreased from 0.44 in Q1 2020 to 0.25 in Q2 2021, which suggests a significant reduction in the company's reliance on debt financing during that period.
Subsequently, the ratio increased to 0.42 in the latest quarter, but it is important to note that this level is still lower than the ratio observed in Q1 2020. This indicates that while the company has taken on more debt recently, it has not returned to the same level of debt dependency seen in the past.
Overall, the debt-to-capital ratio provides insights into the company's capital structure and financial risk. A lower ratio typically suggests lower financial risk and debt burden, while a higher ratio may indicate higher financial leverage and risk. ABM Industries' recent debt-to-capital ratio suggests a moderate level of debt in relation to its total capital, with a trend towards stability in the most recent quarters.
Peer comparison
Oct 31, 2024