Acuity Brands Inc (AYI)
Debt-to-assets ratio
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 495,600 | 495,000 | 494,300 | 376,800 | 347,500 |
| Total assets | US$ in thousands | 3,408,500 | 3,480,200 | 3,575,100 | 3,491,700 | 3,172,400 |
| Debt-to-assets ratio | 0.15 | 0.14 | 0.14 | 0.11 | 0.11 |
August 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $495,600K ÷ $3,408,500K
= 0.15
The debt-to-assets ratio of Acuity Brands, Inc. has remained relatively stable over the past five years. The ratio stood at 0.15 as of August 31, 2023, consistent with the previous year. This indicates that the company has $0.15 in debt for every $1 in assets. The stability of the ratio suggests that the company's financial leverage has remained relatively steady, with a consistent proportion of its assets financed by debt. It also indicates that the company has maintained a prudent balance between debt and assets, with a relatively low level of financial leverage. Overall, Acuity Brands, Inc. has demonstrated a consistent and conservative approach to managing its debt and assets over the past five years.
Peer comparison
Aug 31, 2023