Core & Main Inc (CNM)
Solvency ratios
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.37 | 0.28 | 0.31 | 0.32 | 0.29 | 0.30 | 0.31 | 0.31 | 0.33 | 0.33 | 0.36 |
| Debt-to-capital ratio | 0.56 | 0.45 | 0.48 | 0.49 | 0.45 | 0.47 | 0.51 | 0.51 | 0.52 | 0.54 | 0.58 |
| Debt-to-equity ratio | 1.28 | 0.81 | 0.92 | 0.96 | 0.83 | 0.90 | 1.03 | 1.05 | 1.10 | 1.19 | 1.36 |
| Financial leverage ratio | 3.49 | 2.86 | 2.97 | 3.03 | 2.81 | 3.05 | 3.32 | 3.41 | 3.35 | 3.58 | 3.78 |
The solvency ratios of Core & Main Inc reflect its ability to meet its long-term debt obligations. The Debt-to-assets ratio has shown a fluctuating trend over the past year, ranging from 0.28 to 0.37, indicating that the company has been maintaining a relatively stable level of debt in relation to its total assets.
The Debt-to-capital ratio has also exhibited variability, with values between 0.45 and 0.56, suggesting that the company's reliance on debt for its total capital structure has been somewhat inconsistent.
The Debt-to-equity ratio has experienced fluctuations as well, ranging from 0.81 to 1.36, indicating that there have been changes in the proportion of debt and equity financing within the company's capital structure.
The Financial leverage ratio has shown a similar pattern of movement, varying from 2.81 to 3.78, indicating fluctuations in the company's overall financial leverage and its reliance on debt to fund its operations.
Overall, the solvency ratios of Core & Main Inc suggest that while the company has been able to manage its debt levels within an acceptable range, there have been some fluctuations in its leverage and capital structure over the past year. It is important for the company to monitor and maintain these ratios at sustainable levels to ensure its long-term financial stability and ability to meet its debt obligations.
Coverage ratios
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | |
|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.16 | 7.23 | 7.56 | 8.07 | 8.48 | 8.88 | 8.33 | 4.73 |
The interest coverage ratio for Core & Main Inc has shown a generally stable trend over the past several quarters, ranging from 7.16 to 8.48. This indicates that the company has consistently generated sufficient operating income to cover its interest expenses, reflecting a strong ability to meet its debt obligations. However, there was a slight decline in the interest coverage ratio in the most recent quarter, dropping to 4.73, which may warrant further investigation into the company's financial health and ability to service its debt. Overall, Core & Main Inc has maintained a healthy interest coverage ratio, but the recent decrease may signal a need for potential adjustments in its financial strategies.