Dycom Industries Inc (DY)
Debt-to-equity 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-equity ratio | 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 | 1.10 |
July 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $942,368K ÷ $1,158,450K
= 0.81
Based on the historical data provided for Dycom Industries Inc's debt-to-equity ratio, we observe fluctuations over the past several quarters. The trend indicates that the company's reliance on debt relative to equity has varied, with some periods showing higher debt levels compared to others.
Notably, the debt-to-equity ratio has ranged from 0.54 to 1.64 over the periods mentioned. A ratio of less than 1 suggests that the company has more equity than debt, indicating a stronger financial position in terms of leverage. Conversely, a ratio greater than 1 signifies higher debt levels relative to equity, which may indicate increased financial risk.
It is worth noting that the company's debt-to-equity ratio reached its peak at 1.64 in October 2019, suggesting heightened leverage at that time. Subsequently, the ratio fluctuated but remained above 1 for several quarters before declining to 0.54 in May 2021, indicating a significant reduction in debt relative to equity.
Overall, it is essential for Dycom Industries Inc to carefully manage its debt levels to maintain a healthy balance between debt and equity, ensuring sustainable financial stability and efficient capital structure management.
Peer comparison
Jul 27, 2024