Dycom Industries Inc (DY)
Financial leverage ratio
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,516,880 | 2,313,250 | 2,118,220 | 1,944,160 | 2,217,630 |
| Total stockholders’ equity | US$ in thousands | 1,054,660 | 868,755 | 758,544 | 811,308 | 868,604 |
| Financial leverage ratio | 2.39 | 2.66 | 2.79 | 2.40 | 2.55 |
January 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,516,880K ÷ $1,054,660K
= 2.39
The financial leverage ratio of Dycom Industries, Inc. has exhibited some fluctuations over the past five years. The ratio was at its lowest in January 2021 at 2.40, indicating that the company had lower financial leverage at that time. However, in the subsequent years, the financial leverage ratio increased, reaching a peak of 2.79 in January 2022. This suggests that Dycom Industries relied more heavily on debt financing in 2022 compared to 2021.
In the most recent year, January 2024, the financial leverage ratio decreased to 2.39. This decrease could imply that the company may have reduced its reliance on debt financing in the latest period. Overall, the trend in the financial leverage ratio for Dycom Industries, Inc. shows some variability, indicating potential shifts in the company's capital structure and financial decisions over the years.
Peer comparison
Jan 27, 2024