Dycom Industries Inc (DY)
Solvency ratios
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.31 | 0.00 | 0.35 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.43 | 0.00 | 0.48 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.75 | 0.00 | 0.93 |
| Financial leverage ratio | 2.38 | 2.39 | 2.39 | 2.66 | 2.66 |
Dycom Industries Inc has shown a consistent improvement in its solvency ratios over the past few years. The Debt-to-assets ratio has decreased from 0.35 in January 2023 to 0.00 in January 2025, indicating that the company's total debt relative to its total assets has significantly reduced.
Similarly, the Debt-to-capital ratio has also declined from 0.48 in January 2023 to 0.00 in January 2025, reflecting a lower level of debt compared to the company's total capital.
The Debt-to-equity ratio has followed a similar trend, dropping from 0.93 in January 2023 to 0.00 in January 2025, signaling a stronger financial position with less reliance on debt financing.
The Financial leverage ratio has also decreased from 2.66 in January 2023 to 2.38 in January 2025, indicating that the company's reliance on debt in relation to its equity has decreased over the years.
Overall, Dycom Industries Inc's solvency ratios demonstrate an improving financial health and a reduced risk of financial distress due to the lower levels of debt relative to assets, capital, and equity.
Coverage ratios
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Interest coverage | 6.05 | 6.55 | 98.85 | 5.43 | 64.54 |
Dycom Industries Inc's interest coverage ratio has experienced fluctuations over the years based on the provided data. The interest coverage ratio, which indicates the company's ability to meet interest obligations from its earnings, was substantially high at 64.54 on January 28, 2023. However, it dropped significantly to 5.43 on January 31, 2023, indicating a potential strain on the company's ability to cover its interest expenses with its earnings.
Subsequently, Dycom Industries Inc managed to improve its interest coverage, reaching a robust ratio of 98.85 on January 27, 2024. This improvement suggests a stronger ability to meet interest payments using its operating profits. However, the ratio declined again to 6.55 on January 31, 2024, and further to 6.05 on January 31, 2025, indicating potential challenges in covering interest expenses with earnings in those periods.
Overall, fluctuations in Dycom Industries Inc's interest coverage ratio indicate changes in the company's ability to handle its interest obligations over time, highlighting the importance of consistent monitoring and management of its financial performance.