Dycom Industries Inc (DY)

Solvency ratios

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
Debt-to-assets ratio 0.34 0.32 0.31 0.36 0.33 0.35 0.35 0.35 0.37 0.38 0.39 0.38 0.37 0.37 0.26 0.24 0.31 0.48 0.38 0.41
Debt-to-capital ratio 0.45 0.44 0.43 0.47 0.45 0.47 0.48 0.49 0.51 0.52 0.52 0.51 0.52 0.51 0.38 0.35 0.43 0.62 0.49 0.52
Debt-to-equity ratio 0.81 0.78 0.75 0.90 0.83 0.90 0.93 0.94 1.02 1.08 1.09 1.02 1.07 1.03 0.62 0.54 0.76 1.64 0.97 1.10
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

The solvency ratios of Dycom Industries Inc provide insight into the company's ability to meet its long-term financial obligations. Over the past few years, the debt-to-assets ratio has generally been around 0.30 to 0.40, indicating that the company relies moderately on debt to finance its assets, with a slight increase in debt utilization observed in recent periods.

Similarly, the debt-to-capital and debt-to-equity ratios have shown a consistent trend, hovering around 0.40 to 0.50 and 0.75 to 1.00, respectively. These ratios suggest that Dycom Industries has a significant portion of its capital structure financed through debt, with a higher reliance on debt expressed in the debt-to-equity ratio.

The financial leverage ratio, which measures the proportion of a company's assets that are financed with debt, has fluctuated between 2.40 and 2.80 over the periods analyzed. This indicates that Dycom Industries has maintained a moderate level of leverage, with some variability observed in recent periods.

Overall, Dycom Industries Inc's solvency ratios suggest a stable but moderately leveraged financial position, with a consistent reliance on debt to support its operations and growth initiatives. It is essential for the company to continue monitoring and managing its debt levels to maintain a healthy balance between debt and equity financing.

Coverage ratios

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
Interest coverage 74.12 71.58 98.85 98.69 83.96 76.15 64.53 51.42 34.94 20.01 12.75 11.08 12.93 14.95 6.78 4.33 2.76 2.20 4.25 4.29

The interest coverage ratio measures a company's ability to meet its interest obligations on its debt. A higher interest coverage ratio indicates a stronger ability to cover interest expenses with operating profits. Dycom Industries Inc's interest coverage has fluctuated over the past several quarters, ranging from a high of 98.85 to a low of 2.20.

In recent quarters, Dycom's interest coverage has generally been above 20, indicating a comfortable ability to cover interest payments. However, there was a notable decline in the most recent quarter compared to the previous quarter, which is worth monitoring. It is important for investors and analysts to assess the reasons behind this decline and the company's ability to maintain a sufficient interest coverage ratio in the future.

Overall, Dycom Industries Inc's interest coverage ratio suggests that the company has generally been able to meet its interest obligations comfortably, but investors should continue to monitor changes in this ratio to evaluate the company's financial health and debt management.