Core & Main Inc (CNM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,698,000 | 1,451,000 | 1,451,000 | 1,747,000 | 1,747,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.56 | 0.00 | 0.45 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,698,000K)
= 0.00
The debt-to-capital ratio for Core & Main Inc fluctuated over the years as follows:
- January 29, 2023: 0.45
- January 31, 2023: 0.00
- January 28, 2024: 0.56
- January 31, 2024: 0.00
- January 31, 2025: 0.00
A debt-to-capital ratio measures the proportion of a company's total capital that is financed by debt. A higher ratio indicates a higher level of debt relative to total capital.
In the given data, we observe fluctuations in the ratio over the years, with values ranging from 0.00 to 0.56. A ratio of 0.00 suggests that the company had no debt relative to its capital in January 2023, January 31, 2023, January 31, 2024, and January 31, 2025.
The increase to 0.56 on January 28, 2024, indicates a higher reliance on debt to finance operations during that period. It is essential for investors and analysts to monitor these changes in the debt-to-capital ratio to assess the company's financial leverage and risk profile.