Core & Main Inc (CNM)
Debt-to-assets ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 1,863,000 | — | 1,444,000 |
| Total assets | US$ in thousands | 5,870,000 | 5,069,000 | 5,069,000 | 4,909,000 | 4,909,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.37 | 0.00 | 0.29 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,870,000K
= 0.00
Core & Main Inc's debt-to-assets ratio has shown some fluctuations over the years, with the ratio ranging from 0.00 to 0.37. In January 2023, the ratio was relatively low at 0.29, indicating that the company had a lower proportion of debt relative to its total assets. This ratio decreased to 0.00 in the following period, suggesting that the company may have significantly reduced its debt levels or increased its asset base.
However, in January 2024, the debt-to-assets ratio increased to 0.37, which may indicate a higher reliance on debt financing compared to the previous year. The ratio then decreased back to 0.00 in January 2024 and 2025, signaling a potential shift towards a more asset-heavy capital structure or a reduction in debt levels.
Overall, the trend in Core & Main Inc's debt-to-assets ratio shows variability over the years, reflecting changes in the company's debt management and asset allocation strategies. Further analysis of the company's financial position and performance would be necessary to fully understand the implications of these fluctuations on its overall financial health.