CACI International Inc (CACI)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,481,390 | 1,650,440 | 1,702,150 | 1,688,920 | 1,357,520 |
| Total assets | US$ in thousands | 6,796,100 | 6,600,810 | 6,629,430 | 6,172,370 | 5,542,470 |
| Debt-to-assets ratio | 0.22 | 0.25 | 0.26 | 0.27 | 0.24 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,481,390K ÷ $6,796,100K
= 0.22
The debt-to-assets ratio of CACI International Inc has shown a declining trend over the past five years, indicating that the company has been relying less on debt financing relative to its total assets. As of June 30, 2024, the debt-to-assets ratio stood at 0.22, a decrease from 0.25 in 2023, 0.26 in 2022, 0.27 in 2021, and 0.24 in 2020.
A lower debt-to-assets ratio suggests that CACI International Inc has a stronger financial position and may be less leveraged compared to previous years. This could be beneficial for the company as it indicates lower financial risk and potentially greater stability in times of economic uncertainty. It also implies that the company may have more assets relative to its debt obligations, which could provide a cushion in case of changes in business conditions.
Overall, the decreasing trend in the debt-to-assets ratio for CACI International Inc reflects a potentially positive financial management strategy that focuses on maintaining a healthy balance between debt and assets.
Peer comparison
Jun 30, 2024