Acuity Brands Inc (AYI)
Financial leverage ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,814,600 | 3,408,500 | 3,480,200 | 3,575,100 | 3,491,700 |
| Total stockholders’ equity | US$ in thousands | 2,378,800 | 2,015,400 | 1,911,800 | 2,044,500 | 2,127,500 |
| Financial leverage ratio | 1.60 | 1.69 | 1.82 | 1.75 | 1.64 |
August 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,814,600K ÷ $2,378,800K
= 1.60
The financial leverage ratio of Acuity Brands Inc has shown fluctuations over the past five years. The ratio decreased from 1.64 in August 2020 to 1.60 in August 2024, indicating a slight improvement in the company's leverage position. However, it is important to note that the ratio increased from 1.60 in August 2024 to 1.69 in August 2023, suggesting a rise in financial leverage during that period.
Furthermore, looking back at the historical trend, the financial leverage ratio was highest at 1.82 in August 2022 and lowest at 1.64 in August 2020. This indicates that Acuity Brands Inc has experienced varying levels of leverage in recent years.
Overall, while the recent decrease in the financial leverage ratio may signal a positive trend in managing leverage, it is essential for investors and stakeholders to monitor the company's leverage position closely to assess its financial risk and stability.
Peer comparison
Aug 31, 2024