Acuity Brands Inc (AYI)
Debt-to-assets ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 495,900 | 495,700 | 495,600 | 495,400 | 495,300 | 495,100 | 495,000 | 494,800 | 494,700 | 494,500 | 494,300 | 494,200 | 494,000 | 495,600 | 376,800 | 385,800 | 390,800 | 347,100 | 347,500 | 347,500 |
| Total assets | US$ in thousands | 3,525,800 | 3,463,900 | 3,408,500 | 3,438,900 | 3,383,800 | 3,436,600 | 3,480,200 | 3,615,500 | 3,679,200 | 3,605,600 | 3,575,100 | 3,560,300 | 3,360,200 | 3,388,600 | 3,491,700 | 3,442,300 | 3,396,700 | 3,305,200 | 3,172,400 | 3,121,100 |
| Debt-to-assets ratio | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.11 | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $495,900K ÷ $3,525,800K
= 0.14
The debt-to-assets ratio of Acuity Brands Inc has shown stability and consistency over the period analyzed. The ratio has been within the range of 0.11 to 0.15, indicating that the company maintains a relatively low level of debt in relation to its total assets. This suggests that Acuity Brands Inc has been able to effectively manage its debt levels and maintain a healthy balance sheet structure. Additionally, the consistency of the ratio over time indicates that the company has a stable financial position with a prudent approach to leverage.
Peer comparison
Feb 29, 2024