Core & Main Inc (CNM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.28 | 0.00 | 0.81 | 0.00 | 0.92 | 0.00 | 0.00 | 0.83 | 0.00 | 0.90 | 0.00 | 1.05 | 0.00 | 0.00 | 1.10 |
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 fluctuated over the given period, indicating changes in the company's capital structure and financial leverage.
At the beginning of the period, on January 30, 2022, the ratio stood at 1.10, suggesting that the company had more debt relative to equity. However, by January 31, 2022, and throughout April 30, 2022, the ratio dropped to 0.00, signaling that the company had either reduced its debt or increased its equity.
The ratio increased again to 1.05 on May 1, 2022, but then decreased to 0.00 by July 31, 2022. This fluctuation continued over the subsequent quarters, with intermittent periods of high debt-to-equity ratios followed by periods of 0.00 ratios, indicating varying levels of financial risk and stability for the company.
Notably, by January 31, 2025, the ratio had stabilized at 0.00, suggesting that Core & Main Inc may have achieved a more balanced mix of debt and equity in its capital structure. Monitoring this ratio over time can provide valuable insights into the company's financial health and risk management strategies.