Brady Corporation (BRC)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 90,935 | 49,716 | 95,000 | 38,000 | 0 |
| Total assets | US$ in thousands | 1,515,570 | 1,389,260 | 1,367,330 | 1,377,760 | 1,142,470 |
| Debt-to-assets ratio | 0.06 | 0.04 | 0.07 | 0.03 | 0.00 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $90,935K ÷ $1,515,570K
= 0.06
Brady Corporation's debt-to-assets ratio has shown some fluctuation over the past five years. In July 2024, the ratio stands at 0.06, indicating that 6% of the company's assets are financed by debt. This represents an increase from the previous year (0.04 in July 2023).
Comparing to two years ago, the debt-to-assets ratio was higher in July 2022 at 0.07, suggesting that 7% of the company's assets were funded by debt. However, in July 2021, the ratio was lower at 0.03, signifying that only 3% of assets were debt-financed.
Notably, in July 2020, Brady Corporation's debt-to-assets ratio was 0.00, implying that the company had no debt financing its assets at that time.
Overall, the trend in the debt-to-assets ratio for Brady Corporation demonstrates some variability, potentially influenced by the company's financing decisions and overall financial strategy during these years.
Peer comparison
Jul 31, 2024