Academy Sports Outdoors Inc (ASO)
Debt-to-equity 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-equity ratio | 0.25 | 0.36 | 0.47 | 0.70 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $484,551K ÷ $1,954,650K
= 0.25
The debt-to-equity ratio of Academy Sports Outdoors Inc has shown a decreasing trend over the past four years, indicating an improvement in the company's leverage position. As of February 3, 2024, the debt-to-equity ratio stands at 0.25, which suggests that the company relies less on debt financing relative to shareholders' equity. This could be a positive sign as a lower debt-to-equity ratio implies a lower financial risk and a stronger financial position. Furthermore, the decreasing trend in the ratio from 2021 to 2024 indicates that the company has been reducing its debt levels or increasing its equity over time, which can lead to greater financial stability and resilience during economic downturns. Overall, the declining debt-to-equity ratio of Academy Sports Outdoors Inc suggests an improving financial health and prudent management of its capital structure.
Peer comparison
Feb 3, 2024