Dycom Industries Inc (DY)
Debt-to-assets ratio
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 791,415 | 807,367 | 823,251 | 501,562 | 844,401 |
| Total assets | US$ in thousands | 2,516,880 | 2,313,250 | 2,118,220 | 1,944,160 | 2,217,630 |
| Debt-to-assets ratio | 0.31 | 0.35 | 0.39 | 0.26 | 0.38 |
January 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $791,415K ÷ $2,516,880K
= 0.31
Dycom Industries, Inc.'s debt-to-assets ratio has displayed fluctuations over the past five years. The ratio decreased from 0.39 in January 2020 to 0.30 in January 2021, indicating a reduction in the company's level of debt relative to its assets. However, in the subsequent years, the ratio increased, reaching 0.40 in January 2022, before declining slightly to 0.36 in January 2023 and further to 0.32 in January 2024.
The declining trend in the debt-to-assets ratio from 2021 to 2022 suggests that Dycom Industries, Inc. may have been managing its debt levels effectively during that period. However, the subsequent increase in the ratio from 2022 to 2024 indicates a potential increase in debt relative to assets, which may raise concerns about the company's financial leverage and ability to service its debt obligations.
It is important for stakeholders to monitor Dycom Industries, Inc.'s debt-to-assets ratio closely to assess the company's capital structure and financial risk. A higher debt-to-assets ratio may indicate increased financial risk and potential challenges in meeting debt obligations, while a lower ratio may signal a stronger financial position and better debt management.
Peer comparison
Jan 27, 2024