Core & Main Inc (CNM)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,870,000 | 6,215,000 | 6,098,000 | 6,041,000 | 5,069,000 | 5,069,000 | 5,067,000 | 5,067,000 | 5,039,000 | 5,039,000 | 4,929,000 | 4,909,000 | 4,909,000 | 5,190,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,894,000 | 4,434,000 | 4,434,000 |
| 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 |
| Financial leverage ratio | 3.46 | 3.72 | 3.71 | 3.85 | 3.49 | 3.49 | 2.86 | 2.86 | 2.97 | 2.97 | 3.03 | 2.81 | 2.81 | 3.05 | 3.05 | 3.32 | 3.41 | 3.41 | 3.35 | 3.35 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,870,000K ÷ $1,698,000K
= 3.46
Core & Main Inc's financial leverage ratio has fluctuated over the analyzed periods. The ratio stood at 3.35 as of January 30, 2022, and remained relatively stable at this level until April 30, 2022. There was a slight increase to 3.41 by May 1, 2022, which was maintained until the end of July 2022.
Subsequently, there was a decrease in the financial leverage ratio to 3.05 by October 30, 2022, which was sustained through January 29, 2023. The ratio then experienced a moderate increase to 3.03 by April 30, 2023, before declining to 2.97 by the end of July 2023. This lower level was maintained until October 29, 2023.
The financial leverage ratio saw a significant rise to 3.49 by January 28, 2024, and further increased to 3.85 by April 30, 2024. There was then a slight decrease to 3.71 by July 31, 2024, and a slight increase to 3.72 by October 31, 2024. The ratio decreased to 3.46 by January 31, 2025.
Overall, the trend in Core & Main Inc's financial leverage ratio indicates some fluctuations, with periods of stability followed by notable changes. It is essential to further investigate the factors driving these fluctuations to better understand the company's leverage position and financial health.