Cintas Corporation (CTAS)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,684,480 | 4,316,370 | 3,863,990 | 3,308,200 | 3,687,850 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,684,480K)
= 0.00
The debt-to-capital ratio of Cintas Corporation consistently reflects a value of zero across the provided dates, specifically on May 31 of 2021, 2022, 2023, and 2024. This indicates that the company has maintained an essentially debt-free capital structure during this period, with no significant long-term or short-term debt recorded in its financial statements. The repeated absence of debt suggests that Cintas relies predominantly on equity financing or internal accruals to fund its operations and growth initiatives. The data point for May 31, 2025, is represented as a dash (—), implying that the information is either unavailable or not disclosed for that period. Overall, the trajectory indicates that Cintas has maintained a conservative financial stance regarding leverage, favoring a debt-free approach from May 2021 through May 2024.
Peer comparison
May 31, 2025