Dycom Industries Inc (DY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,158,450 | 1,080,630 | 1,054,660 | 1,053,950 | 964,046 | 897,434 | 868,755 | 858,616 | 797,016 | 758,338 | 758,544 | 810,774 | 780,421 | 809,953 | 811,308 | 913,124 | 873,748 | 833,894 | 868,604 | 880,150 |
| Debt-to-capital ratio | 0.45 | 0.44 | 0.43 | 0.47 | 0.45 | 0.47 | 0.48 | 0.49 | 0.51 | 0.52 | 0.52 | 0.51 | 0.52 | 0.51 | 0.38 | 0.35 | 0.43 | 0.62 | 0.49 | 0.52 |
July 27, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $942,368K ÷ ($942,368K + $1,158,450K)
= 0.45
The debt-to-capital ratio of Dycom Industries Inc has shown some fluctuations over the past few years, ranging from 0.35 to 0.62. The ratio indicates the proportion of the company's capital that is financed through debt.
In the most recent period, as of July 27, 2024, the debt-to-capital ratio stood at 0.45, which suggests that 45% of Dycom Industries Inc's capital structure is funded by debt. This is relatively consistent with the ratio observed in the previous quarter at 0.44.
Overall, the trend of the debt-to-capital ratio has been somewhat volatile, with some oscillation between 0.43 and 0.52 in recent periods. It is important to note that a higher debt-to-capital ratio could imply higher financial risk due to increased reliance on debt financing, while a lower ratio may indicate a more conservative capital structure.
Further analysis would be needed to understand the reasons behind these fluctuations in the debt-to-capital ratio and to evaluate the company's overall financial health and risk management strategies.
Peer comparison
Jul 27, 2024