Dycom Industries Inc (DY)
Debt-to-assets ratio
| Oct 26, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,092,790 | 942,368 | 842,422 | 791,415 | 949,406 | 799,395 | 803,382 | 807,367 | 811,350 | 815,332 | 819,311 | 823,251 | 827,226 | 831,197 | 835,178 | 501,562 | 490,000 | 665,533 | 1,363,860 | 844,401 |
| Total assets | US$ in thousands | 3,114,700 | 2,779,400 | 2,611,610 | 2,516,880 | 2,664,160 | 2,395,600 | 2,311,720 | 2,313,250 | 2,305,300 | 2,206,370 | 2,132,110 | 2,118,220 | 2,204,700 | 2,241,850 | 2,263,020 | 1,944,160 | 2,065,060 | 2,144,690 | 2,812,860 | 2,217,630 |
| Debt-to-assets ratio | 0.35 | 0.34 | 0.32 | 0.31 | 0.36 | 0.33 | 0.35 | 0.35 | 0.35 | 0.37 | 0.38 | 0.39 | 0.38 | 0.37 | 0.37 | 0.26 | 0.24 | 0.31 | 0.48 | 0.38 |
October 26, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,092,790K ÷ $3,114,700K
= 0.35
The debt-to-assets ratio of Dycom Industries Inc has exhibited some fluctuations over the past few years. The ratio ranged from 0.24 to 0.48 during the period from January 25, 2020, to October 26, 2024. Overall, the ratio has been relatively stable, with the highest value of 0.48 observed in April 25, 2020, and the lowest value of 0.24 in January 30, 2021.
A debt-to-assets ratio of 0.35 on October 26, 2024, indicates that 35% of the company's assets are financed by debt. This implies that the company relies moderately on debt to finance its operations and investments, with a larger portion of its assets financed through equity. The slight decrease in the ratio from the previous period suggests that the company may have reduced its debt levels relative to its assets.
It is important for investors and stakeholders to monitor changes in the debt-to-assets ratio as it can provide insights into the company's financial leverage and risk exposure. A decreasing trend in the ratio may indicate improved financial stability, while an increasing trend could signal higher financial risk.
Peer comparison
Oct 26, 2024