Acuity Brands Inc (AYI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,149,600 | 2,064,100 | 2,015,400 | 1,969,800 | 1,947,600 | 1,903,500 | 1,911,800 | 1,918,600 | 2,104,300 | 2,072,900 | 2,044,500 | 2,039,100 | 1,932,500 | 1,937,000 | 2,127,500 | 2,095,700 | 2,045,100 | 1,987,300 | 1,918,900 | 1,884,900 |
| Debt-to-capital ratio | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.15 | 0.16 | 0.16 | 0.15 | 0.15 | 0.16 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $495,900K ÷ ($495,900K + $2,149,600K)
= 0.19
The debt-to-capital ratio of Acuity Brands Inc has remained relatively stable over the past few quarters, ranging between 0.19 and 0.21. This indicates that the company's proportion of debt in relation to its total capital structure has been consistent. The ratio suggests that Acuity Brands has a moderate level of debt in its capital structure, with a significant portion of its capital being sourced from equity. The consistency in the ratio over time implies that the company has been managing its debt levels effectively and maintaining a balanced capital structure.
Peer comparison
Feb 29, 2024