Brady Corporation (BRC)
Debt-to-assets ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 90,935 | 63,774 | 48,090 | 52,267 | 49,716 | 50,849 | 77,281 | 99,000 | 95,000 | 77,000 | 83,000 | 67,000 | 38,000 | — | — | — | 0 | 48,988 | 50,127 | 51,076 |
| Total assets | US$ in thousands | 1,515,570 | 1,424,100 | 1,407,600 | 1,383,410 | 1,389,260 | 1,376,770 | 1,372,270 | 1,350,630 | 1,367,330 | 1,344,240 | 1,387,060 | 1,410,480 | 1,377,760 | 1,260,180 | 1,207,880 | 1,175,710 | 1,142,470 | 1,140,340 | 1,215,800 | 1,231,220 |
| Debt-to-assets ratio | 0.06 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $90,935K ÷ $1,515,570K
= 0.06
The debt-to-assets ratio for Brady Corporation has shown some fluctuation over the past few years. The ratio indicates the proportion of the company's total debt relative to its total assets.
From October 2019 to April 2020, the debt-to-assets ratio remained constant at 0.04, showing a relatively stable financial structure during that period. However, there was a notable increase to 0.07 as of July 2020 and continued to fluctuate between 0.06 and 0.07 until April 2021.
Subsequently, the ratio decreased significantly to 0.03 by January 2023, indicating a lower reliance on debt financing relative to total assets. This trend of decreasing debt-to-assets ratio continued until January 2024, where it reached 0.03, the lowest level in the period analyzed.
However, a slight increase to 0.04 was observed by April 2024. Overall, the trend suggests that Brady Corporation has been effectively managing its debt levels in relation to its asset base, with a recent increase possibly indicating a slight shift towards more debt financing. Further monitoring is needed to assess the impact of this change on the company's financial health and stability.
Peer comparison
Jul 31, 2024