Academy Sports Outdoors Inc (ASO)
Debt-to-assets ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 484,551 | 583,364 | 583,729 | 584,093 | 584,456 | 682,803 | 683,065 | 683,325 | 683,585 | 683,845 | 684,103 | 781,035 | 781,489 | 1,408,880 |
| Total assets | US$ in thousands | 4,676,710 | 4,921,270 | 4,675,420 | 4,641,930 | 4,595,440 | 4,782,460 | 4,653,970 | 4,719,160 | 4,584,940 | 4,676,000 | 4,634,030 | 4,657,310 | 4,384,480 | 4,981,920 |
| Debt-to-assets ratio | 0.10 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.15 | 0.14 | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 | 0.28 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $484,551K ÷ $4,676,710K
= 0.10
Academy Sports Outdoors Inc's debt-to-assets ratio has shown a fluctuating trend over the past several quarters. The ratio has ranged from 0.10 to 0.28, with the lowest value recorded in February 2024 and the highest in October 2020. A lower debt-to-assets ratio indicates that the company has a lower proportion of debt relative to its total assets, which can be considered a positive financial indicator.
However, the ratio has increased from 0.12 in October 2023 to 0.28 in October 2020, which may suggest an increase in the company's reliance on debt financing over this period. It is important to note that a higher debt-to-assets ratio may signal increased financial risk, as higher debt levels can lead to higher interest expenses and potential difficulties in meeting debt obligations.
Overall, a closer examination of Academy Sports Outdoors Inc's financial statements and debt management strategies would be necessary to fully assess the implications of the fluctuating debt-to-assets ratio and its impact on the company's financial health and risk profile.
Peer comparison
Feb 3, 2024