Academy Sports Outdoors Inc (ASO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,004,040 | 1,954,650 | 1,954,650 | 1,628,310 | 1,628,310 |
| Debt-to-capital ratio | 0.00 | 0.20 | 0.00 | 0.00 | 0.26 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,004,040K)
= 0.00
The debt-to-capital ratio for Academy Sports Outdoors Inc as of January 28, 2023, stands at 0.26, indicating that the company's debt accounts for 26% of its total capital. Over the subsequent periods, there is a significant decrease in the ratio, with both January 31, 2023, and January 31, 2024, showing a zero ratio. This suggests that the company either significantly reduced its debt levels or increased its capital base during those periods.
However, by February 3, 2024, the ratio slightly increases to 0.20, signifying a portion of the company's capital being funded by debt again. Subsequently, as of January 31, 2025, the debt-to-capital ratio returns to zero, indicating a similar situation as in the prior periods.
Overall, the fluctuation in the debt-to-capital ratio for Academy Sports Outdoors Inc suggests varying strategies in managing its capital structure, at times relying more on debt funding and at other times relying on equity or internal resources to finance its operations and growth.
Peer comparison
Jan 31, 2025