Academy Sports Outdoors Inc (ASO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.33 | 0.00 | 0.34 | 0.00 | 0.35 | 0.00 | 0.36 | 0.00 | 0.44 | 0.00 | 0.45 | 0.00 | 0.00 |
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 for Academy Sports Outdoors Inc shows a consistent trend of being relatively low or even zero across the reported periods, indicating that the company has been relying more on equity financing rather than debt to fund its operations and growth. Specifically, as of January 31, 2022, April 30, 2022, July 31, 2022, October 31, 2022, January 31, 2023, April 30, 2023, July 31, 2023, January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025, the company had a debt-to-equity ratio of 0.00, signifying a debt-free or very low debt position relative to its equity. The ratio slightly increased to 0.45 as of July 30, 2022, indicating a moderate level of debt compared to equity, but this was an isolated instance as the ratio returned to lower levels in subsequent periods.
Overall, the consistently low debt-to-equity ratios suggest that Academy Sports Outdoors Inc has maintained a conservative capital structure with limited reliance on debt financing, which may indicate lower financial risk and a stable financial position. However, it is important to consider other financial metrics and qualitative aspects of the company in conjunction with the debt-to-equity ratio to get a comprehensive understanding of its overall financial health and performance.
Peer comparison
Jan 31, 2025