Acuity Brands Inc (AYI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,378,800 | 2,254,700 | 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 |
| Debt-to-capital ratio | 0.17 | 0.18 | 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 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $496,200K ÷ ($496,200K + $2,378,800K)
= 0.17
The debt-to-capital ratio of Acuity Brands Inc has shown some fluctuation over the past 5 years. The ratio has ranged between 0.15 to 0.21 during this period, indicating that the company maintains a moderate level of debt relative to its total capital.
The trend over the period suggests that the company's debt-to-capital ratio has generally been stable, with no significant upward or downward trends. The ratio has hovered around the 0.19 to 0.21 range in recent quarters, indicating a consistent capital structure in which debt plays a significant but not overwhelming role.
Overall, the debt-to-capital ratio of Acuity Brands Inc indicates a balanced approach to financing its operations, with a mixture of debt and equity in its capital structure. It is important for investors and stakeholders to monitor this ratio along with other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Aug 31, 2024