ABM Industries Incorporated (ABM)
Debt-to-equity 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-equity ratio | 0.71 | 0.71 | 0.69 | 0.76 | 0.69 | 0.63 | 0.60 | 0.59 | 0.59 | 0.53 | 0.39 | 0.33 | 0.37 | 0.40 | 0.46 | 0.79 | 0.50 | 0.48 | 0.58 | 0.61 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,296,900K ÷ $1,822,700K
= 0.71
The debt-to-equity ratio of ABM Industries Inc. has shown some fluctuations over the past eight quarters. In Q1 2024 and Q4 2023, the ratio remained stable at 0.73, indicating a moderate level of debt relative to equity. Prior to that, in Q3 2023, the ratio decreased slightly to 0.71, which may suggest a decrease in the company's debt burden. However, in Q2 2023 and Q1 2023, the ratio increased to 0.78 and 0.80, respectively, indicating higher debt levels compared to equity during that period.
Looking further back, in Q4 2022 and Q3 2022, the ratio was relatively steady at 0.74 and 0.71, respectively, suggesting a consistent debt-to-equity mix within those respective quarters. In Q2 2022, the lowest ratio of 0.70 was observed, reflecting a lower level of debt relative to equity compared to the other quarters.
Overall, the trend of the debt-to-equity ratio for ABM Industries Inc. appears to have experienced some fluctuations but generally remained within a reasonable range over the past eight quarters. It is important for investors and stakeholders to monitor these changes to assess the company's financial leverage and risk profile.
Peer comparison
Jan 31, 2024