Academy Sports Outdoors Inc (ASO)
Debt-to-equity ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 484,551 | 583,364 | 583,729 | 584,093 | 584,456 | 682,803 | 683,065 | 683,325 | 683,585 | 683,845 | 684,103 | 781,035 | 781,489 | 1,408,880 |
| Total stockholders’ equity | US$ in thousands | 1,954,650 | 1,793,090 | 1,738,040 | 1,680,960 | 1,628,310 | 1,558,920 | 1,521,270 | 1,528,510 | 1,466,950 | 1,375,990 | 1,447,620 | 1,313,880 | 1,111,980 | 984,564 |
| Debt-to-equity ratio | 0.25 | 0.33 | 0.34 | 0.35 | 0.36 | 0.44 | 0.45 | 0.45 | 0.47 | 0.50 | 0.47 | 0.59 | 0.70 | 1.43 |
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 fluctuating trend over the past few quarters, indicating changes in the company's capital structure. The ratio has generally been increasing, moving from 0.25 in February 2024 to 1.43 in October 31, 2020. This upward trend suggests that the company has been relying more on debt to finance its operations relative to equity.
A higher debt-to-equity ratio can indicate increased financial leverage and risk, as higher debt levels typically require the company to pay interest and principal on the debt, which can impact profitability and financial stability. On the other hand, a lower ratio implies a more conservative financial structure with less reliance on debt financing.
It is essential for investors and stakeholders to monitor this ratio closely to assess the company's ability to repay its debts and manage financial risks effectively. Additionally, changes in the debt-to-equity ratio may reflect shifts in the company's strategic priorities, financial health, or market conditions, highlighting the importance of analyzing this metric in conjunction with other financial indicators.
Peer comparison
Feb 3, 2024