MSC Industrial Direct Company Inc (MSM)
Debt-to-assets ratio
| Aug 31, 2024 | Jun 1, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 278,398 | 4,750 | 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 |
| Total assets | US$ in thousands | 2,462,310 | 2,467,790 | 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 |
| Debt-to-assets ratio | 0.11 | 0.00 | 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 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $278,398K ÷ $2,462,310K
= 0.11
The debt-to-assets ratio of MSC Industrial Direct Company Inc has shown some fluctuations over the past few quarters, ranging from 0.00 to 0.25. In the most recent period ending August 31, 2024, the debt-to-assets ratio was 0.11, indicating that only 11% of the company's assets were financed by debt.
It is noteworthy that the company had periods where the debt-to-assets ratio was at 0.00, indicating that the company had no debt on its balance sheet to finance its assets during those periods. However, in other quarters, such as December 3, 2022, and September 3, 2022, the ratio was 0.17, suggesting that 17% of the company's assets were funded through debt.
Overall, the company's debt-to-assets ratio has been relatively stable and generally low, which could be interpreted positively as a sign of conservative financial management. However, it is important to monitor any significant changes in this ratio over time to ensure the company's financial health and stability.
Peer comparison
Aug 31, 2024