Brady Corporation (BRC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,066,660 | 990,919 | 911,298 | 963,028 | 752,112 |
| Debt-to-equity ratio | 0.09 | 0.05 | 0.10 | 0.04 | 0.00 |
July 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $90,935K ÷ $1,066,660K
= 0.09
The debt-to-equity ratio of Brady Corporation has fluctuated over the past five years, indicating changes in the company's financial leverage. In 2020, the company had a debt-to-equity ratio of 0.00, suggesting that there was no debt on the company's balance sheet relative to its equity.
However, in subsequent years, the debt-to-equity ratio increased, reaching its peak in 2022 at 0.10, indicating that the company had a higher level of debt compared to its equity. By 2023, the ratio decreased to 0.05, suggesting a reduction in debt relative to equity.
In 2024, the debt-to-equity ratio further decreased to 0.09, indicating a slight increase in debt compared to the previous year but still lower than the level in 2022. Overall, the fluctuation in the debt-to-equity ratio implies varying levels of financial risk and leverage for Brady Corporation over the analyzed period.
Peer comparison
Jul 31, 2024