Academy Sports Outdoors Inc (ASO)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 484,551 | — | — | 583,364 | — | 583,729 | — | 584,093 | — | 584,456 | — | 682,803 | — | 683,065 | — | — |
| Total assets | US$ in thousands | 4,900,960 | 5,091,780 | 4,874,360 | 4,873,880 | 4,676,710 | 4,703,820 | 4,921,270 | 4,921,270 | 4,675,420 | 4,675,420 | 4,641,930 | 4,641,930 | 4,595,440 | 4,595,440 | 4,782,460 | 4,782,460 | 4,653,970 | 4,653,970 | 4,719,160 | 4,584,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.12 | 0.00 | 0.12 | 0.00 | 0.13 | 0.00 | 0.13 | 0.00 | 0.14 | 0.00 | 0.15 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,900,960K
= 0.00
The debt-to-assets ratio measures the proportion of a company's total assets that are financed by debt. Looking at the historical trend for Academy Sports Outdoors Inc, we can see that the company had consistently maintained a debt-to-assets ratio of 0.00 in most periods. However, there were a few instances where the ratio slightly increased, such as in July 30, 2022, October 29, 2022, January 28, 2023, April 29, 2023, and February 3, 2024, reaching levels of 0.15, 0.14, 0.13, 0.13, and 0.10 respectively.
These increases in the debt-to-assets ratio indicate that the company may have taken on more debt relative to its total assets during those periods. It's important to note that having a higher debt-to-assets ratio can signal higher financial risk, as a company that relies heavily on debt for financing may face challenges in meeting its debt obligations, especially during economic downturns.
Overall, Academy Sports Outdoors Inc's debt-to-assets ratio has mostly been at 0.00, indicating that the company has predominantly financed its assets through equity rather than debt. This conservative approach to debt financing may suggest lower financial risk and greater stability for the company in the long term.
Peer comparison
Jan 31, 2025