GMS Inc (GMS)
Debt-to-assets ratio
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 982,667 | 1,028,280 | 1,047,540 | 1,044,640 | 1,169,260 | 1,166,540 | 1,192,100 | 1,136,580 | 1,281,740 | 1,062,290 | 1,016,040 | 932,409 | 942,598 | 946,721 | 995,390 | 1,047,280 | 1,020,310 | 1,054,080 | 1,111,700 |
| Total assets | US$ in thousands | 3,759,840 | 3,271,550 | 3,314,400 | 3,300,400 | 3,267,010 | 3,233,460 | 3,245,940 | 3,212,420 | 3,104,400 | 3,086,180 | 2,824,980 | 2,664,080 | 2,483,900 | 2,251,760 | 2,210,870 | 2,225,830 | 2,324,450 | 2,245,280 | 2,281,350 | 2,274,390 |
| Debt-to-assets ratio | 0.00 | 0.30 | 0.31 | 0.32 | 0.32 | 0.36 | 0.36 | 0.37 | 0.37 | 0.42 | 0.38 | 0.38 | 0.38 | 0.42 | 0.43 | 0.45 | 0.45 | 0.45 | 0.46 | 0.49 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,759,840K
= 0.00
The debt-to-assets ratio of GMS Inc has shown some fluctuations over the past few years. As of April 30, 2024, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets. This could be seen as a positive sign, signaling a strong financial position with low reliance on debt to finance its operations.
Looking back at the trend over the last few periods, the debt-to-assets ratio had been gradually decreasing from 0.49 in July 2019 to 0.30 in January 2024, before hitting 0.00 in the most recent period. This downward trend suggests that the company has been managing its debt levels effectively and improving its asset base relative to its debt obligations.
It is essential to note that a lower debt-to-assets ratio generally signifies lower financial risk and greater financial stability for a company. However, it is also crucial to consider the industry norms and the company's specific circumstances when evaluating the significance of this metric.
Overall, based on the recent debt-to-assets ratio of 0.00 as of April 30, 2024, GMS Inc appears to be in a strong financial position with minimal debt relative to its total assets, which could bode well for its financial health and long-term sustainability.
Peer comparison
Apr 30, 2024