Core & Main Inc (CNM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,698,000 | 1,671,000 | 1,644,000 | 1,570,000 | 1,451,000 | 1,451,000 | 1,769,000 | 1,769,000 | 1,695,000 | 1,695,000 | 1,628,000 | 1,747,000 | 1,747,000 | 1,704,000 | 1,704,000 | 1,550,000 | 1,436,000 | 1,436,000 | 1,325,000 | 1,325,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 | 0.00 | 0.45 | 0.00 | 0.48 | 0.00 | 0.00 | 0.45 | 0.00 | 0.47 | 0.00 | 0.51 | 0.00 | 0.00 | 0.52 |
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 of Core & Main Inc has shown fluctuations over the past few years, as per the provided data. It was 0.52 as of January 30, 2022, indicating that the company had debt comprising 52% of its total capital at that time. Subsequently, the ratio dropped to 0.00 in the next reporting periods of January 31, 2022, April 30, 2022, and July 31, 2022, suggesting either a significant reduction in debt levels or an increase in capital.
The ratio increased to 0.51 as of May 1, 2022, before dropping back to 0.00 in the following periods. Notably, the ratio experienced fluctuations between 0.45 and 0.56 in the subsequent periods up to January 31, 2024, with intermittent periods of 0.00 indicating phases of either reduced debt or increased capital.
The most recent data point of January 31, 2025, shows a debt-to-capital ratio of 0.00, implying a scenario where the company's total debt was effectively negligible compared to its capital structure at that specific date. Overall, the trend in the debt-to-capital ratio for Core & Main Inc displays variability, suggesting possible changes in the company's capital structure and debt management strategies over the analyzed period.