AZZ Incorporated (AZZ)
Debt-to-assets ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,227,100 | 2,195,500 | 2,221,480 | 1,133,030 | 996,442 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,227,100K
= 0.00
The debt-to-assets ratio of AZZ Incorporated has been consistently 0.00 over the past five years as indicated by the financial data. This suggests that the company's total debt is negligible or non-existent in relation to its total assets during this period. A low or zero debt-to-assets ratio generally indicates that the company is not heavily reliant on debt financing to support its operations and investments. It may also imply financial stability and lower risk, as the company has a strong asset base to cover its liabilities. However, it is essential to consider other factors such as the nature of the industry, business cycle, and specific financial goals of the company when assessing the significance of this ratio in evaluating the overall financial health of AZZ Incorporated.
Peer comparison
Feb 28, 2025