Dycom Industries Inc (DY)
Financial leverage ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,945,370 | 3,114,700 | 3,114,700 | 2,779,400 | 2,779,400 | 2,611,610 | 2,611,610 | 2,516,880 | 2,516,880 | 2,664,160 | 2,664,160 | 2,395,600 | 2,395,600 | 2,311,720 | 2,311,720 | 2,313,250 | 2,313,250 | 2,305,300 | 2,305,300 | 2,206,370 |
| Total stockholders’ equity | US$ in thousands | 1,239,100 | 1,233,680 | 1,233,680 | 1,158,450 | 1,158,450 | 1,080,630 | 1,080,630 | 1,054,660 | 1,054,660 | 1,053,950 | 1,053,950 | 964,046 | 964,046 | 897,434 | 897,434 | 868,755 | 868,755 | 858,616 | 858,616 | 797,016 |
| Financial leverage ratio | 2.38 | 2.52 | 2.52 | 2.40 | 2.40 | 2.42 | 2.42 | 2.39 | 2.39 | 2.53 | 2.53 | 2.48 | 2.48 | 2.58 | 2.58 | 2.66 | 2.66 | 2.68 | 2.68 | 2.77 |
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 shown some fluctuations over the indicated time period. The ratio stood at 2.77 as of July 31, 2022, dropped to 2.39 by January 27, 2024, and then slightly increased to 2.38 by January 31, 2025.
Generally, a financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing. A higher ratio suggests higher financial risk due to increased debt levels.
In the case of Dycom Industries Inc, the trend in the financial leverage ratio indicates a slight decrease in leverage from mid-2022 to early 2024, followed by a slight increase. This suggests fluctuations in the company's capital structure and debt levels over time, which could impact its financial stability and risk profile.
It is important for investors and stakeholders to monitor changes in the financial leverage ratio to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Jan 31, 2025