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