GMS Inc (GMS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,460,520 | 1,418,940 | 1,375,880 | 1,354,810 | 1,274,760 | 1,230,700 | 1,183,940 | 1,139,220 | 1,064,500 | 1,003,280 | 951,351 | 877,243 | 822,462 | 761,014 | 717,897 | 681,871 | 633,981 | 707,326 | 696,039 | 662,295 |
| Debt-to-capital ratio | 0.00 | 0.41 | 0.43 | 0.44 | 0.45 | 0.49 | 0.50 | 0.51 | 0.52 | 0.56 | 0.53 | 0.54 | 0.53 | 0.55 | 0.57 | 0.59 | 0.62 | 0.59 | 0.60 | 0.63 |
April 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,460,520K)
= 0.00
The debt-to-capital ratio of GMS Inc has shown fluctuations over the past several quarters. The ratio was 0.41 as of Jan 31, 2024, increased to 0.49 by Jan 31, 2023, and reached its highest point of 0.62 by Jul 31, 2020. However, in the most recent period ending Apr 30, 2024, the ratio dropped to 0.00, indicating that the company had no debt relative to its capital.
Overall, the trend in the debt-to-capital ratio suggests that GMS Inc has managed its debt levels relative to its capital structure with variations over time. It is important for the company to monitor this ratio closely, as high levels of debt relative to capital can impact financial stability and credit risk.
Peer comparison
Apr 30, 2024