Academy Sports Outdoors Inc (ASO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,676,710 | 4,921,270 | 4,675,420 | 4,641,930 | 4,595,440 | 4,782,460 | 4,653,970 | 4,719,160 | 4,584,940 | 4,676,000 | 4,634,030 | 4,657,310 | 4,384,480 | 4,981,920 |
| 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 |
| Financial leverage ratio | 2.39 | 2.74 | 2.69 | 2.76 | 2.82 | 3.07 | 3.06 | 3.09 | 3.13 | 3.40 | 3.20 | 3.54 | 3.94 | 5.06 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,676,710K ÷ $1,954,650K
= 2.39
The financial leverage ratio of Academy Sports Outdoors Inc has shown a decreasing trend from 5.06 in October 31, 2020, to 2.39 in February 3, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over the period. A lower financial leverage ratio suggests that the company is less dependent on debt financing and may have a stronger financial position with a higher proportion of equity funding. This can be a positive signal to investors and creditors as it may indicate lower financial risk and greater stability. It is important to note that while a decreasing trend in the financial leverage ratio can be favorable, it is also essential to consider other financial ratios and factors to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Feb 3, 2024