Core & Main Inc (CNM)
Debt-to-assets ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,863,000 | 1,436,000 | 1,554,000 | 1,571,000 | 1,444,000 | 1,537,000 | 1,592,000 | 1,510,000 | 1,456,000 | 1,459,000 | 1,462,000 |
| Total assets | US$ in thousands | 5,069,000 | 5,067,000 | 5,039,000 | 4,929,000 | 4,909,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,434,000 | 4,380,800 | 4,053,300 |
| Debt-to-assets ratio | 0.37 | 0.28 | 0.31 | 0.32 | 0.29 | 0.30 | 0.31 | 0.31 | 0.33 | 0.33 | 0.36 |
January 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,863,000K ÷ $5,069,000K
= 0.37
The debt-to-assets ratio of Core & Main Inc has shown fluctuations over the past year, ranging from 0.28 to 0.37. The ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting lower financial risk.
In the latest available data as of January 28, 2024, the debt-to-assets ratio stood at 0.37, indicating that 37% of the company's assets are financed by debt. This suggests a relatively higher level of debt compared to earlier periods.
The trend in the debt-to-assets ratio over the past year shows some volatility, with slight increases and decreases. Overall, the company has maintained a moderate level of debt relative to its total assets, with the ratio fluctuating within a relatively narrow range of 0.28 to 0.37 during the period analyzed.
Further analysis of the underlying reasons behind these fluctuations, in conjunction with other financial metrics and industry benchmarks, would be necessary to assess the overall financial health and leverage position of Core & Main Inc.