Academy Sports Outdoors Inc (ASO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,954,650 | 1,628,310 | 1,466,950 | 1,111,980 |
| Debt-to-capital ratio | 0.20 | 0.26 | 0.32 | 0.41 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $484,551K ÷ ($484,551K + $1,954,650K)
= 0.20
The debt-to-capital ratio of Academy Sports Outdoors Inc has shown a decreasing trend over the past four years, indicating improved financial health in terms of leverage. The company's ability to fund its operations through a combination of debt and equity has strengthened, with the ratio declining from 0.41 in January 2021 to 0.20 in February 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments, which can be seen as a positive sign of financial stability and lower financial risk. Overall, the decreasing trend in the debt-to-capital ratio indicates improved capital structure efficiency and better financial management by Academy Sports Outdoors Inc.
Peer comparison
Feb 3, 2024