Cintas Corporation (CTAS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,684,480K
= 0.00
The analysis of Cintas Corporation's debt-to-equity ratio over the specified period reveals a consistent pattern of insolvency or use of zero debt. Specifically, the debt-to-equity ratio remained at 0.00 for each identified date—May 31, 2021; May 31, 2022; May 31, 2023; and May 31, 2024. This uniformity indicates that, during these fiscal years, Cintas did not report any long-term or short-term debt relative to its shareholders' equity. The absence of debt implies that the company's capital structure was entirely equity-financed, reflecting a conservative approach to leverage. The data for May 31, 2025, is unavailable or indicates no data, denoted by an em dash, which suggests no information or potential non-reporting for that period. Overall, the persistent zero ratio underscores a debt-free financial stance for Cintas during the analyzed timeframe.
Peer comparison
May 31, 2025