MSC Industrial Direct Company Inc (MSM)
Debt-to-assets ratio
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,750 | 4,750 | 224,165 | — | — | 453,868 | 468,728 | 539,050 | 584,182 | 557,426 | 582,428 | 344,985 | 459,892 | — | 494,565 | 664,454 | 264,429 | 264,323 | 264,225 | — |
| Total assets | US$ in thousands | 2,501,390 | 2,493,720 | 2,544,130 | 2,526,680 | 2,524,460 | 2,749,400 | 2,729,410 | 2,619,320 | 2,564,920 | 2,496,340 | 2,462,120 | 2,424,320 | 2,302,240 | 2,286,650 | 2,382,430 | 2,709,710 | 2,377,030 | 2,339,760 | 2,311,240 | 2,324,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.17 | 0.17 | 0.21 | 0.23 | 0.22 | 0.24 | 0.14 | 0.20 | 0.00 | 0.21 | 0.25 | 0.11 | 0.11 | 0.11 | 0.00 |
March 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,750K ÷ $2,501,390K
= 0.00
The debt-to-assets ratio of MSC Industrial Direct Company Inc has shown fluctuations over the past few quarters. The ratio was consistently at 0.00 in multiple quarters, indicating that the company had no debt relative to its total assets during those periods. However, there were spikes in the ratio in certain quarters, such as 0.09, 0.17, 0.21, 0.23, and 0.24, which could suggest increased debt levels relative to total assets during those periods.
It is worth noting that the ratio is relatively low overall, with a few exceptions, which may indicate that the company has been managing its debt levels prudently. A low debt-to-assets ratio typically signifies a lower financial risk for the company, as it reflects a lower reliance on debt financing compared to equity financing.
Overall, while the company has experienced fluctuations in its debt-to-assets ratio, the majority of the time, it has maintained a low ratio or even zero debt, demonstrating a relatively conservative approach to debt management.
Peer comparison
Mar 2, 2024