GMS Inc (GMS)
Debt-to-assets ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,831,270 | 3,759,840 | 3,267,010 | 3,104,400 | 2,483,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,831,270K
= 0.00
The data indicates that GMS Inc's debt-to-assets ratio has consistently remained at zero across all the specified periods from April 30, 2021, to April 30, 2025. This persistent ratio suggests that the company has not reported any debt relative to its total assets during these years. Such a pattern implies an extremely conservative financing strategy, potentially characterized by the reliance entirely on equity or internal cash flows for asset financing. The absence of debt may contribute to a lower financial leverage, reducing interest obligations and financial risk. However, it could also indicate limited use of leverage to finance growth initiatives, which might impact the company's ability to rapidly expand or capitalize on investment opportunities. Overall, the unwavering zero debt-to-assets ratio reflects a debt-averse capital structure over the reported period.
Peer comparison
Apr 30, 2025