CACI International Inc (CACI)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	1,481,390	1,631,150	1,713,410	1,735,680	1,650,440	1,765,210	1,534,960	1,597,060	1,702,150	1,823,240	2,079,830	1,647,760	1,688,920	1,775,070	1,371,220	1,567,370	1,357,520	1,464,660	1,550,810	1,551,950
Total assets	US$ in thousands	6,796,100	6,804,380	6,658,440	6,737,470	6,600,810	6,651,560	6,554,550	6,524,880	6,629,430	6,576,750	6,750,690	6,179,310	6,172,370	5,970,420	5,851,480	5,950,370	5,542,470	5,546,480	5,526,700	5,438,180
Debt-to-assets ratio		0.22	0.24	0.26	0.26	0.25	0.27	0.23	0.24	0.26	0.28	0.31	0.27	0.27	0.30	0.23	0.26	0.24	0.26	0.28	0.29

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 some fluctuations over the past few years. The ratio decreased from 0.29 as of September 2019 to 0.22 as of June 2024, indicating a reduction in the proportion of debt relative to total assets.

The trend shows some variability with peaks at 0.31 in March 2022 and 0.30 in March 2021, suggesting increased debt relative to assets during those periods. However, the ratio generally ranged between 0.22 and 0.28 in recent years.

A lower debt-to-assets ratio signifies a lower financial risk as it indicates that the company relies less on debt to finance its operations and investments. Conversely, a higher ratio may indicate a higher level of financial leverage and potential risk.

Overall, the trend in CACI International Inc's debt-to-assets ratio suggests a relatively stable financial position with fluctuations within a moderate range in recent years.