Core & Main Inc (CNM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 1.28 | 0.00 | 0.83 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,698,000K
= 0.00
The debt-to-equity ratio for Core & Main Inc is a significant indicator of the company's leverage and financial stability.
As of January 29, 2023, the debt-to-equity ratio was 0.83, suggesting that the company had a moderate level of debt compared to its equity. However, by January 31, 2023, the ratio dropped to 0.00, indicating that the company had no debt relative to its equity.
By January 28, 2024, the debt-to-equity ratio increased to 1.28, which indicates that the company's debt levels surpassed its equity, signaling a higher financial risk. Nevertheless, by the end of January 31, 2024, the ratio decreased back to 0.00, meaning the company had no debt relative to its equity.
As of January 31, 2025, the debt-to-equity ratio remained at 0.00, suggesting that the company continued to maintain a debt-free position relative to its equity, indicating a strong financial position and lower financial risk.
Overall, fluctuations in the debt-to-equity ratio of Core & Main Inc over the analyzed periods reflect changes in the company's capital structure and financial risk levels. It is essential for stakeholders to monitor this ratio to assess the company's ability to manage its debt obligations effectively.