Academy Sports Outdoors Inc (ASO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,004,040 | 1,961,530 | 1,952,390 | 1,905,520 | 1,954,650 | 1,954,650 | 1,793,090 | 1,793,090 | 1,738,040 | 1,738,040 | 1,680,960 | 1,680,960 | 1,628,310 | 1,628,310 | 1,558,920 | 1,558,920 | 1,521,270 | 1,521,270 | 1,528,510 | 1,466,950 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.00 | 0.25 | 0.00 | 0.25 | 0.00 | 0.26 | 0.00 | 0.26 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.00 |
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 of Academy Sports Outdoors Inc provides insights into the company's capital structure and financial risk. As of January 31, 2022, and in subsequent periods up to October 31, 2024, the company maintained a debt-to-capital ratio of 0.00, indicating that the company had no debt relative to its total capital during those periods.
However, a noticeable increase in the debt-to-capital ratio was observed in the quarter ending July 30, 2022, where the ratio stood at 0.31. This increase suggests that Academy Sports Outdoors Inc took on debt to finance its operations or growth initiatives during that period.
Subsequently, the ratio decreased to 0.30 as of October 29, 2022, and further declined to 0.26 by January 28, 2023, and remained at this level until April 29, 2023. The consistent ratio of 0.00 from April 30, 2023, to October 31, 2023, implies that the company reduced its debt levels or increased its capital base without relying on additional debt.
A slight increase was then observed in the debt-to-capital ratio to 0.25 as of July 29, 2023, and this level was maintained until the end of January 31, 2024. A notable change occurred on February 3, 2024, when the ratio increased to 0.20, indicating a potential new debt issuance or restructuring.
However, the ratio returned to 0.00 by April 30, 2024, and remained at this level for subsequent periods up to January 31, 2025. Overall, the debt-to-capital ratio trend reflects a mix of periods without debt and some fluctuations indicating changes in the company's financing strategies and leverage levels over time.
Peer comparison
Jan 31, 2025