CACI International Inc (CACI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	3,518,070	3,365,230	3,235,490	3,163,900	3,224,200	3,089,500	3,250,110	3,148,440	3,053,410	2,960,750	2,845,580	2,754,990	2,665,140	2,519,260	2,884,140	2,771,630	2,661,180	2,563,500	2,508,440	2,425,120
Debt-to-equity ratio		0.42	0.48	0.53	0.55	0.51	0.57	0.47	0.51	0.56	0.62	0.73	0.60	0.63	0.70	0.48	0.57	0.51	0.57	0.62	0.64

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,481,390K ÷ $3,518,070K
= 0.42

The debt-to-equity ratio of CACI International Inc has shown a generally upward trend over the past several quarters, increasing from 0.42 in June 2020 to 0.64 in September 2019. This indicates that the company's level of debt relative to its equity has been gradually rising.

The ratio fluctuated between 0.48 and 0.73 during the period under review, with peaks in March 2022 and December 2021. These higher ratios suggest that the company has been relying more on debt financing compared to equity during those quarters.

Overall, the increasing trend in the debt-to-equity ratio may raise concerns about the company's financial leverage and ability to cover its debt obligations. Further analysis of CACI International Inc's financial position, cash flow, and risk management strategies would be necessary to fully understand the implications of its changing debt-to-equity ratio.