Dycom Industries Inc (DY)
Financial leverage ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,945,370 | 2,516,880 | 2,516,880 | 2,313,250 | 2,313,250 |
| Total stockholders’ equity | US$ in thousands | 1,239,100 | 1,054,660 | 1,054,660 | 868,755 | 868,755 |
| Financial leverage ratio | 2.38 | 2.39 | 2.39 | 2.66 | 2.66 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,945,370K ÷ $1,239,100K
= 2.38
The financial leverage ratio of Dycom Industries Inc has remained relatively stable over the past few years, indicating a consistent level of debt utilization to finance its operations. The ratio decreased from 2.66 in January 2023 to 2.39 in January 2024, and then slightly declined further to 2.38 in January 2025. This suggests that the company's reliance on debt has decreased slightly, which could indicate improved financial stability and a lower risk of financial distress. Overall, Dycom Industries Inc's financial leverage ratio suggests a moderate level of debt in its capital structure, which may be suitable for supporting its growth and operations.
Peer comparison
Jan 31, 2025