Core & Main Inc (CNM)
Debt-to-equity ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,863,000 | 1,444,000 | 1,456,000 |
| Total stockholders’ equity | US$ in thousands | 1,451,000 | 1,747,000 | 1,325,000 |
| Debt-to-equity ratio | 1.28 | 0.83 | 1.10 |
January 28, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,863,000K ÷ $1,451,000K
= 1.28
Core & Main Inc's debt-to-equity ratio has shown fluctuation over the past three years, indicating changes in its capital structure. In January 2024, the ratio increased to 1.28, indicating that the company has a higher proportion of debt relative to its equity compared to the previous year. This may suggest increased leverage and potential financial risk.
In contrast, the company had a lower ratio of 0.83 in January 2023, which could indicate a more conservative capital structure with a stronger reliance on equity financing rather than debt.
Looking back to January 2022, the debt-to-equity ratio stood at 1.10, reflecting a moderate level of debt compared to equity in the company's capital structure.
Overall, the trend in Core & Main Inc's debt-to-equity ratio shows fluctuations, highlighting the importance of monitoring the company's capital structure and managing its debt levels to ensure financial stability and optimal performance.