MSC Industrial Direct Company Inc (MSM)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,391,800 | 1,401,620 | 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 |
| Debt-to-equity ratio | 0.20 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.33 | 0.35 | 0.42 | 0.48 | 0.47 | 0.51 | 0.30 | 0.41 | 0.00 | 0.38 | 0.51 | 0.21 | 0.17 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $278,398K ÷ $1,391,800K
= 0.20
The debt-to-equity ratio of MSC Industrial Direct Company Inc fluctuated over the past few years, indicating changes in the company's capital structure and financial leverage. The ratio was relatively stable at low levels in the most recent periods, with readings of 0.20 and 0.15 as of August 31, 2024 and September 2, 2023, respectively.
The company's debt-to-equity ratio was at its highest in the last year, reaching 0.51 in November 27, 2021 and May 29, 2021. This suggests that the company had a higher proportion of debt relative to equity during those periods.
The periods with zero debt-to-equity ratio, such as Jun 1, 2024, Mar 2, 2024, and Jun 3, 2023, indicate instances where the company had no debt on its balance sheet or a very minimal amount compared to equity, showcasing a conservative financial strategy during those times.
Overall, the trend in MSC Industrial Direct Company Inc's debt-to-equity ratio suggests a mix of conservative and more leveraged financial decisions over the analyzed period, with recent trends indicating lower reliance on debt to finance its operations.
Peer comparison
Aug 31, 2024