Cintas Corporation (CTAS)
Debt-to-assets ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,825,240 | 9,168,820 | 8,546,360 | 8,147,260 | 8,236,820 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,825,240K
= 0.00
The debt-to-assets ratio of Cintas Corporation, as depicted in the provided data, consistently registers at zero for the years ending May 31 in 2021, 2022, 2023, and 2024. The ratio for each of these years remains at 0.00, indicating that the company's total debt relative to its total assets is negligible or nonexistent during this period. The data for May 31, 2025, is not available or is represented by a dash, suggesting an absence of reported information for that fiscal year.
This persistent zero ratio over multiple years suggests that Cintas Corporation has maintained a financial structure with minimal or no reliance on debt financing, leaning heavily on equity or internal funding sources to support its assets. Such a financial profile may imply a conservative approach to leveraging or a robust capacity to finance operations through retained earnings and equity issuance. It is important to consider that a debt-to-assets ratio of zero, while indicative of low leverage, could also reflect the absence of long-term debt or a reliance on different financing strategies that do not appear as liabilities in the balance sheet.
Peer comparison
May 31, 2025