Dycom Industries Inc (DY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,114,700 | 2,779,400 | 2,611,610 | 2,516,880 | 2,664,160 | 2,395,600 | 2,311,720 | 2,313,250 | 2,305,300 | 2,206,370 | 2,132,110 | 2,118,220 | 2,204,700 | 2,241,850 | 2,263,020 | 1,944,160 | 2,065,060 | 2,144,690 | 2,812,860 | 2,217,630 |
| 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 |
| Financial leverage ratio | 2.52 | 2.40 | 2.42 | 2.39 | 2.53 | 2.48 | 2.58 | 2.66 | 2.68 | 2.77 | 2.81 | 2.79 | 2.72 | 2.87 | 2.79 | 2.40 | 2.26 | 2.45 | 3.37 | 2.55 |
October 26, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,114,700K ÷ $1,233,680K
= 2.52
The financial leverage ratio of Dycom Industries Inc has shown fluctuations over the past several quarters. The ratio peaked at 3.37 in the first quarter of 2020, indicating a higher level of financial leverage at that time. Since then, the ratio has trended downwards, reaching a low of 2.26 in the fourth quarter of 2020.
In the most recent quarter, the financial leverage ratio stood at 2.52, indicating a moderate level of financial leverage. Overall, the trend in the financial leverage ratio suggests that Dycom Industries Inc has been managing its debt levels more effectively in recent quarters compared to the higher leverage seen in early 2020.
It is important for investors and stakeholders to monitor the financial leverage ratio of Dycom Industries Inc to assess the company's risk exposure and ability to meet its financial obligations. A lower financial leverage ratio indicates a lower reliance on debt financing, which can be viewed positively in terms of financial stability and risk management.
Peer comparison
Oct 26, 2024