GMS Inc (GMS)
Debt-to-equity 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-equity ratio | 0.00 | 0.69 | 0.75 | 0.77 | 0.82 | 0.95 | 0.99 | 1.05 | 1.07 | 1.28 | 1.12 | 1.16 | 1.13 | 1.24 | 1.32 | 1.46 | 1.65 | 1.44 | 1.51 | 1.68 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,460,520K
= 0.00
The debt-to-equity ratio of GMS Inc has fluctuated over the past few years, indicating changes in the company's capital structure. The ratio was stable at a low level of 0.00 in April 2024, indicating no debt on the company's balance sheet at that time. This could suggest a strong financial position and lower financial risk.
However, looking back at previous periods, the debt-to-equity ratio has been on an upward trend since 2019, reaching a peak of 1.68 in July 2019. This indicates that the company had a higher proportion of debt relative to equity during that period, which could have implications for its financial risk and leverage.
Overall, the trend in the debt-to-equity ratio suggests that GMS Inc has been increasingly relying on debt to finance its operations and growth, which can potentially expose the company to higher financial risk and interest rate fluctuations. It would be important for stakeholders to monitor this ratio closely to assess the company's financial health and sustainability.
Peer comparison
Apr 30, 2024