Core & Main Inc (CNM)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 1,863,000 | — | 1,436,000 | — | 1,554,000 | — | — | 1,444,000 | — | 1,537,000 | — | 1,510,000 | — | — | 1,456,000 |
| Total assets | US$ in thousands | 5,870,000 | 6,215,000 | 6,098,000 | 6,041,000 | 5,069,000 | 5,069,000 | 5,067,000 | 5,067,000 | 5,039,000 | 5,039,000 | 4,929,000 | 4,909,000 | 4,909,000 | 5,190,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,894,000 | 4,434,000 | 4,434,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 | 0.28 | 0.00 | 0.31 | 0.00 | 0.00 | 0.29 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.00 | 0.33 |
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 fluctuations over the reporting periods provided. The ratio was 0.33 as of January 30, 2022, indicating that 33% of the company's assets were financed through debt. However, the ratio dropped significantly to 0.00 in the subsequent reporting periods of January 31, 2022, April 30, 2022, July 31, 2022, and October 31, 2022, suggesting that the company had little to no debt relative to its total assets during those periods.
There was a slight increase in the debt-to-assets ratio to 0.31 as of May 1, 2022, followed by a decrease to 0.29 as of January 29, 2023. The ratio then increased to 0.31 on July 30, 2023, before dropping to 0.28 as of October 29, 2023. The ratio rose again to 0.37 as of January 28, 2024, which indicates that debt financing relative to total assets had increased during that period.
From January 31, 2024, the debt-to-assets ratio fell back to 0.00 and remained at that level through April 30, 2024, July 31, 2024, and October 31, 2024. As of the latest available data point on January 31, 2025, the ratio continued to be 0.00, suggesting that the company was not relying on debt to finance its assets at that time.
Overall, Core & Main Inc's debt-to-assets ratio has fluctuated between periods of having a moderate level of debt financing to periods with no significant debt on its balance sheet. This trend indicates varying levels of financial leverage and risk management strategies employed by the company over the analyzed periods.