AZZ Incorporated (AZZ)
Debt-to-assets ratio
| Feb 28, 2025 | Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,227,100 | 2,244,550 | 2,240,330 | 2,235,780 | 2,195,500 | 2,208,760 | 2,214,560 | 2,205,980 | 2,221,480 | 2,199,470 | 2,584,750 | 2,782,290 | 1,133,030 | 1,037,580 | 1,023,240 | 1,039,240 | 996,442 | 1,009,870 | 999,952 | 1,050,770 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently been 0.00 across multiple reporting periods from May 31, 2020, to February 28, 2025. This indicates that the company has not taken on any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company has been financing its operations and investments primarily through equity rather than debt. This can be seen as a positive indicator of financial stability and strength, as lower debt levels generally imply lower financial risk and potentially higher solvency.
Peer comparison
Feb 28, 2025