Academy Sports Outdoors Inc (ASO)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 484,551 | — | — | 584,456 |
| Total assets | US$ in thousands | 4,900,960 | 4,676,710 | 4,676,710 | 4,595,440 | 4,595,440 |
| Debt-to-assets ratio | 0.00 | 0.10 | 0.00 | 0.00 | 0.13 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,900,960K
= 0.00
The debt-to-assets ratio for Academy Sports Outdoors Inc has exhibited consistent and relatively low levels over the analyzed period. The ratio, which represents the proportion of the company's assets financed through debt, was recorded at 0.13 as of January 28, 2023. Subsequently, the ratio decreased to 0.00 as of January 31, 2023, and continued to remain at this minimal level until January 31, 2024.
A slight increase in the debt-to-assets ratio was noted on February 3, 2024, reaching 0.10, indicating a marginal rise in the company's debt relative to its assets. However, by January 31, 2025, the ratio dropped back to 0.00. This trend suggests that Academy Sports Outdoors Inc has maintained a conservative approach to debt utilization, with the majority of its assets being financed through equity rather than borrowing. Such low levels of debt relative to assets indicate a strong financial position and stable capital structure for the company.
Peer comparison
Jan 31, 2025