Acuity Brands Inc (AYI)
Debt-to-equity 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-equity ratio | 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 | 0.18 | 0.18 |
February 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $495,900K ÷ $2,149,600K
= 0.23
Acuity Brands Inc's debt-to-equity ratio has ranged between 0.17 to 0.26 over the past 20 quarters. The trend shows relative stability with fluctuations within a narrow range. The company maintains a conservative capital structure with a consistent focus on managing its debt levels in relation to equity. The debt-to-equity ratio indicates that Acuity Brands relies more on equity financing compared to debt to fund its operations and investments. This strategy suggests a lower financial risk, as higher debt ratios can imply higher financial leverage and potential vulnerability to economic downturns. Overall, the consistency and moderate levels of the debt-to-equity ratio demonstrate Acuity Brands' prudent financial management practices.
Peer comparison
Feb 29, 2024