GMS Inc (GMS)

Financial leverage ratio

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 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
Total assets US$ in thousands 3,831,270 3,793,040 4,023,010 3,893,300 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
Total stockholders’ equity US$ in thousands 1,420,180 1,393,610 1,469,310 1,470,300 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
Financial leverage ratio 2.70 2.72 2.74 2.65 2.57 2.31 2.41 2.44 2.56 2.63 2.74 2.82 2.92 3.08 2.97 3.04 3.02 2.96 3.08 3.26

April 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,831,270K ÷ $1,420,180K
= 2.70

The financial leverage ratio of GMS Inc exhibits a generally declining trend over the period from July 31, 2020, to October 31, 2024, with some fluctuations. At the outset, the ratio was 3.26 in July 2020, indicating a relatively high degree of leverage. Over the subsequent periods, the ratio gradually decreased, reaching approximately 2.41 by October 2023, suggesting a reduction in reliance on debt relative to equity or assets. This progressive decline signals a potential deleveraging strategy or improved equity position.

From October 2023 to April 2024, a modest increase is observed, with the ratio rising from 2.41 to 2.57, followed by further incremental increases to 2.65 in July 2024 and 2.74 in October 2024. These upticks may reflect temporary leverage increases or strategic adjustments in capital structure.

Moving into 2025, the ratio stabilizes around the low 2.7 range, with slight fluctuations, recording values of 2.72 in January, 2.70 in April, and 2.65 in July, before increasing marginally to 2.74 in October. Overall, the ratio remains within a moderate leverage range, indicating a balanced capital structure with limited reliance on debt, and a tendency toward gradual deleveraging over the examined period.


Peer comparison

Apr 30, 2025

Company name
Symbol
Financial leverage ratio
GMS Inc
GMS
2.70
Boise Cascad Llc
BCC
1.57