Academy Sports Outdoors Inc (ASO)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 484,551 | 584,456 | 683,585 | 781,489 |
| Total assets | US$ in thousands | 4,676,710 | 4,595,440 | 4,584,940 | 4,384,480 |
| Debt-to-assets ratio | 0.10 | 0.13 | 0.15 | 0.18 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $484,551K ÷ $4,676,710K
= 0.10
The debt-to-assets ratio of Academy Sports Outdoors Inc has shown a decreasing trend over the past four years, indicating a positive financial position. In fiscal year 2021, the ratio was at its highest point of 0.18, suggesting that 18% of the company's assets were financed by debt. However, this ratio has steadily decreased in subsequent years, reaching 0.10 in fiscal year 2024. This reduction signifies that the company has been effectively managing its debt levels in relation to its asset base, potentially decreasing financial risk and enhancing stability. Overall, the declining trend in the debt-to-assets ratio reflects a more conservative financing strategy and improved financial health for Academy Sports Outdoors Inc.
Peer comparison
Feb 3, 2024