Acuity Brands Inc (AYI)
Debt-to-assets ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 496,200 | 496,000 | 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 |
| Total assets | US$ in thousands | 3,814,600 | 3,642,900 | 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 |
| Debt-to-assets ratio | 0.13 | 0.14 | 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 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $496,200K ÷ $3,814,600K
= 0.13
The debt-to-assets ratio of Acuity Brands Inc has been relatively stable over the past few quarters, ranging between 0.11 and 0.15. This ratio measures the proportion of the company's total assets that are financed by debt. A lower ratio indicates that the company relies less on debt to finance its operations, while a higher ratio suggests higher financial leverage.
With Acuity Brands Inc consistently maintaining a debt-to-assets ratio around 0.14 in recent quarters, it indicates that the company has a conservative approach to debt financing. This level of ratio implies that a significant portion of the company's assets is funded through equity or other sources of financing, reducing the financial risk associated with high levels of debt.
Overall, a stable and moderate debt-to-assets ratio demonstrates Acuity Brands Inc's prudent financial management and ability to maintain a healthy balance between debt and assets in its capital structure.
Peer comparison
Aug 31, 2024