Cintas Corporation (CTAS)

Debt-to-assets ratio

Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 9,611,140 9,366,530 9,068,710 9,481,300 8,978,880 8,813,870 8,719,680 8,546,360 8,466,000 8,427,010 8,261,030 8,147,260 8,168,600 8,017,410 7,857,750 8,236,820 8,347,500 8,454,750 8,043,380 7,669,880
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

February 28, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,611,140K
= 0.00

The data indicates that Cintas Corporation maintained a debt-to-assets ratio of zero across all reported periods from May 2020 through February 2025. This consistent figure suggests that the company did not have any reported debt obligations relative to its total assets during this time frame. Such a ratio implies that the company's assets are fully financed through equity, with no reliance on borrowed funds, highlighting a potentially conservative capital structure. This zero debt-to-assets ratio reflects an absence of leverage, which can be associated with lower financial risk but may also influence the company's growth strategies and return on equity.


Peer comparison

Feb 28, 2025


See also:

Cintas Corporation Debt to Assets (Quarterly Data)