Dycom Industries Inc (DY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.35 | 0.00 | 0.34 | 0.00 | 0.32 | 0.00 | 0.31 | 0.00 | 0.36 | 0.00 | 0.33 | 0.00 | 0.35 | 0.00 | 0.35 | 0.00 | 0.35 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.47 | 0.00 | 0.45 | 0.00 | 0.44 | 0.00 | 0.43 | 0.00 | 0.47 | 0.00 | 0.45 | 0.00 | 0.47 | 0.00 | 0.48 | 0.00 | 0.49 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.89 | 0.00 | 0.81 | 0.00 | 0.78 | 0.00 | 0.75 | 0.00 | 0.90 | 0.00 | 0.83 | 0.00 | 0.90 | 0.00 | 0.93 | 0.00 | 0.94 | 0.00 |
| 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 |
Looking at the solvency ratios of Dycom Industries Inc over the past few years, we can see some interesting trends. The Debt-to-assets ratio fluctuated between 0.0 and 0.36, indicating that the company has been able to maintain a relatively strong position in terms of using debt to finance its assets.
The Debt-to-capital ratio also showed variation, ranging from 0.0 to 0.49. This ratio indicates the proportion of a company's capital that is obtained through debt financing. The fluctuations suggest that Dycom Industries has been managing its capital structure differently over the years.
The Debt-to-equity ratio ranged from 0.0 to 0.94, showing the company's reliance on equity versus debt to finance its operations. The decreasing trend indicates that Dycom has been reducing its debt relative to equity, which can be a positive sign for investors and creditors.
The Financial leverage ratio, which measures the extent to which a company uses debt to finance its operations, ranged from 2.38 to 2.77. A decreasing trend in this ratio is generally considered favorable as it indicates lower reliance on debt for funding, which can lead to lower financial risk.
Overall, Dycom Industries Inc seems to have managed its solvency ratios effectively, with fluctuations indicating strategic adjustments in its capital structure over the years to maintain a strong financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.47 | 11.93 | 12.87 | 11.83 | 9.71 | 7.67 | 8.82 | 10.37 | 13.56 | 15.37 | 14.47 | 12.51 | 10.47 | 8.43 | 9.27 | 9.48 | 11.62 | 12.88 | 10.79 | 5.01 |
The interest coverage ratio of Dycom Industries Inc has fluctuated over the periods indicated in the data provided. The ratio represents the company's ability to cover its interest expenses with its operating income.
The trend shows variability in Dycom's ability to cover its interest expenses. The interest coverage ratio ranged from a low of 5.01 in July 2022 to a high of 15.37 in October 2023. This indicates that the company was able to cover its interest expenses by 5.01 times its operating income in July 2022, while in October 2023, it could cover its interest expenses over 15 times.
There seems to be a general improving trend in the interest coverage ratio from mid-2022 to late 2023, indicating a strengthening ability to meet interest payments. However, there was a slight decrease in the ratio in early 2024, indicating a potential decrease in the company's ability to cover its interest expenses with its operating income.
Overall, it is important for Dycom Industries Inc to maintain a healthy interest coverage ratio to ensure that it can meet its interest obligations comfortably. This ratio provides insights into the company's financial stability and ability to manage its debt obligations effectively.