Acuity Brands Inc (AYI)
Debt-to-equity 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-equity ratio | 0.21 | 0.22 | 0.23 | 0.24 | 0.25 | 0.25 | 0.25 | 0.26 | 0.26 | 0.26 | 0.24 | 0.24 | 0.24 | 0.24 | 0.26 | 0.26 | 0.18 | 0.18 | 0.19 | 0.17 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $496,200K ÷ $2,378,800K
= 0.21
The debt-to-equity ratio of Acuity Brands Inc has shown fluctuations over the past several quarters. As of August 31, 2024, the company had a debt-to-equity ratio of 0.21, indicating that for every dollar of equity, the company had $0.21 in debt. This ratio has been relatively stable ranging from 0.18 to 0.26 over the past few quarters.
A lower debt-to-equity ratio suggests that the company is relying more on equity financing rather than debt to fund its operations and growth. This could be seen as a positive sign of financial stability and lower financial risk.
Overall, the trend in Acuity Brands Inc's debt-to-equity ratio indicates a conservative approach to financing its operations, which could be well-received by investors and creditors. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this ratio.
Peer comparison
Aug 31, 2024