Dycom Industries Inc (DY)
Debt-to-capital ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 791,415 | — | 807,367 |
| Total stockholders’ equity | US$ in thousands | 1,239,100 | 1,054,660 | 1,054,660 | 868,755 | 868,755 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.43 | 0.00 | 0.48 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,239,100K)
= 0.00
Dycom Industries Inc's debt-to-capital ratio, as derived from the provided data, has demonstrated fluctuations over the analyzed periods. As of January 28, 2023, the ratio stood at 0.48, indicating that nearly half of the company's capital was financed through debt. However, by January 31, 2023, the ratio dropped significantly to 0.00, implying a debt-free capital structure at that point.
Subsequently, the ratio increased again to 0.43 by January 27, 2024, suggesting that 43% of the company's capital was debt-financed. Notably, the ratio returned to 0.00 by January 31, 2024, indicating another period of no debt within the company's capital structure. This trend continued through January 31, 2025, with the ratio remaining at 0.00, highlighting a consistent absence of debt financing within the capital composition of Dycom Industries Inc.
Overall, the fluctuating debt-to-capital ratio of Dycom Industries Inc reflects variations in the company's reliance on debt to fund its operations and investments over the analyzed periods. It is essential for stakeholders to monitor these changes to gauge the company's financial leverage and risk management strategies.
Peer comparison
Jan 31, 2025