Dycom Industries Inc (DY)
Debt-to-assets ratio
| 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 | Oct 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 970,243 |
| Total assets | US$ in thousands | 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 | 2,395,580 |
| Debt-to-assets ratio | 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 | 0.41 |
July 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $942,368K ÷ $2,779,400K
= 0.34
The debt-to-assets ratio of Dycom Industries Inc has fluctuated over the past several quarters, ranging from 0.24 to 0.48. Generally, a lower debt-to-assets ratio indicates lower financial risk as a company has less debt relative to its total assets.
From the data provided, we can observe that the ratio decreased from 0.41 in April 2020 to 0.24 in October 2020, which suggests a significant reduction in debt relative to assets during that period. However, the ratio gradually increased to 0.48 by January 2021, indicating higher debt levels compared to assets.
Subsequently, there was a declining trend in the ratio until January 2022, where it reached its lowest point of 0.26. The ratio then started to increase again and remained relatively stable around the range of 0.32 to 0.39 from January 2022 to July 2024.
Overall, the debt-to-assets ratio of Dycom Industries Inc has shown some fluctuations but has mostly been within a moderate range, indicating a reasonable balance between debt and assets utilization over the analyzed period.
Peer comparison
Jul 27, 2024