MSC Industrial Direct Company Inc (MSM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,390,510 | 1,385,070 | 1,479,160 | 1,489,260 | 1,420,930 | 1,386,340 | 1,350,430 | 1,296,120 | 1,223,970 | 1,182,750 | 1,150,870 | 1,144,650 | 1,112,110 | 1,124,480 | 1,314,940 | 1,294,900 | 1,257,300 | 1,510,860 | 1,478,550 | 1,448,440 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.25 | 0.26 | 0.29 | 0.32 | 0.32 | 0.34 | 0.23 | 0.29 | 0.00 | 0.27 | 0.34 | 0.17 | 0.15 | 0.15 | 0.00 |
March 2, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,750K ÷ ($4,750K + $1,390,510K)
= 0.00
The debt-to-capital ratio of MSC Industrial Direct Company Inc has shown some fluctuation over the past few quarters. The ratio was consistently at 0.00 or very low in the early part of the period, indicating minimal to no debt relative to the company's capital structure. However, there was a noticeable increase in the ratio in the later periods, reaching a peak of 0.34 in August 2021 and then fluctuating between 0.26 and 0.34 in subsequent quarters.
This increase in the debt-to-capital ratio suggests that the company has taken on more debt in relation to its total capital, which could potentially indicate a higher level of financial leverage. The trend of the ratio should be closely monitored to assess the company's ability to manage its debt levels effectively and maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Mar 2, 2024