Academy Sports Outdoors Inc (ASO)
Debt-to-equity 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-equity ratio | 0.00 | 0.25 | 0.00 | 0.00 | 0.36 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,004,040K
= 0.00
The debt-to-equity ratio of Academy Sports Outdoors Inc has shown variability over the years, as indicated by the provided data.
In January 2023, the ratio was 0.36, suggesting that the company had a higher level of debt in relation to its equity. However, by January 2024 and February 2024, the ratio dropped to 0.00, indicating that the company had no debt relative to its equity during those periods.
This significant decrease in the debt-to-equity ratio may imply that the company either paid off its debt or increased its equity. However, by January 31, 2025, the ratio remained at 0.00, indicating a continued absence of debt in relation to equity.
Overall, the decreasing trend of the debt-to-equity ratio from 0.36 to 0.00 suggests that Academy Sports Outdoors Inc has managed its debt levels effectively, possibly by reducing debt or increasing equity, which can positively impact its financial stability and risk profile. It is important to note that a low or zero debt-to-equity ratio may indicate a less risky financial position but could also suggest that the company might be missing out on leveraging debt for potential growth opportunities.
Peer comparison
Jan 31, 2025