Dycom Industries Inc (DY)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,233,680 | 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 |
| Debt-to-equity ratio | 0.89 | 0.81 | 0.78 | 0.75 | 0.90 | 0.83 | 0.90 | 0.93 | 0.94 | 1.02 | 1.08 | 1.09 | 1.02 | 1.07 | 1.03 | 0.62 | 0.54 | 0.76 | 1.64 | 0.97 |
October 26, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,092,790K ÷ $1,233,680K
= 0.89
The debt-to-equity ratio of Dycom Industries Inc has fluctuated over the past few years, indicating changes in the company's capital structure and financial leverage. The ratio has shown a general upward trend from around 0.62 in January 2021 to 1.08 in April 2022, before slightly decreasing to 0.89 in October 2024.
A debt-to-equity ratio of over 1 suggests that the company is using more debt than equity to finance its operations. While this can indicate higher financial risk due to greater obligations to creditors, it can also signal potential for higher returns on investment. It is important to note that the specific industry and business model of Dycom Industries Inc should be considered when assessing the implications of its debt-to-equity ratio.
Overall, the fluctuations in the debt-to-equity ratio highlight the changing financial structure of Dycom Industries Inc and may indicate shifts in the company's financing strategies and risk management approaches over time.
Peer comparison
Oct 26, 2024