Dycom Industries Inc (DY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 2,395,580 |
| 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 |
| Financial leverage ratio | 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 | 2.72 |
July 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,779,400K ÷ $1,158,450K
= 2.40
The financial leverage ratio of Dycom Industries Inc has shown some fluctuation over the past several quarters. The ratio has ranged from 2.26 to 3.37, with the most recent value at 2.40 as of July 27, 2024. This indicates that the company has on average been using debt to finance its operations more than equity.
Overall, the trend in the financial leverage ratio has been increasing over time, peaking at 3.37 in January 25, 2020, before slightly declining and stabilizing around the 2.70 range in more recent quarters. This suggests that Dycom Industries Inc has been taking on more debt in relation to equity, which may potentially increase financial risk but also allows for leveraging the business for growth opportunities.
It is important for investors and stakeholders to closely monitor the financial leverage ratio as it can indicate the company's ability to manage its debt levels and financial health.
Peer comparison
Jul 27, 2024