Core & Main Inc (CNM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 | 0.28 | 0.00 | 0.31 | 0.00 | 0.00 | 0.29 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.00 | 0.33 |
| 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 |
| 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 |
| 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 |
Core & Main Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations.
The Debt-to-assets ratio has been fluctuating over the past few years, with values ranging from 0.00 to 0.37. This ratio shows the proportion of the company's assets financed through debt, and the decreasing trend indicates a lower reliance on debt to fund assets.
The Debt-to-capital ratio also fluctuates, ranging from 0.00 to 0.56. This ratio reflects the proportion of the company's capital structure that is financed through debt. The company shows a mix of debt and equity financing, with some periods of high debt-to-capital ratios.
The Debt-to-equity ratio has varied from 0.00 to 1.28, showing the proportion of the company's financing attributed to shareholders' equity compared to debt. The decreasing trend from higher values indicates a shift towards a more equity-driven capital structure.
The Financial leverage ratio provides an overall picture of the company's financial leverage, reflecting how much of the company's assets are financed by debt. The values range from 2.81 to 3.85, with fluctuations indicating changes in the company's leverage position over time.
Overall, Core & Main Inc's solvency ratios demonstrate a mix of debt and equity financing, with variations in leverage and debt levels over the years. Investors and creditors can use this information to assess the company's long-term financial health and risk profile.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.08 | 5.83 | 5.47 | 6.45 | 7.62 | 8.40 | 9.23 | 9.28 | 8.70 | 7.25 | 8.70 | 8.60 | 10.61 | 12.37 | 12.08 | 11.77 | 9.24 | 9.61 | 5.09 | 3.39 |
Core & Main Inc's interest coverage ratio has shown fluctuations over the provided period. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its operating income.
In January 2022, the interest coverage ratio was 3.39, indicating that the company's operating income was able to cover its interest expenses 3.39 times. By October 2024, the ratio had declined to 5.08, suggesting a decrease in the company's ability to cover interest costs with operating income.
Overall, Core & Main Inc's interest coverage ratio has shown some volatility but remained above 1, indicating that the company has generally been able to meet its interest obligations. However, management should closely monitor this ratio to ensure the company's financial health and ability to service its debt in the future.