MSC Industrial Direct Company Inc (MSM)
Debt-to-equity 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-equity ratio | 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 | 0.18 | 0.00 |
March 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,750K ÷ $1,390,510K
= 0.00
The debt-to-equity ratio of MSC Industrial Direct Company Inc has shown fluctuations over the past few quarters. The ratio was at 0.00 for several periods, indicating either no debt or a very low level of debt relative to equity. However, in some quarters, the ratio increased, reaching as high as 0.51.
The increase in the ratio may suggest that the company has taken on more debt compared to equity during those periods. This could be due to various reasons such as funding for expansion, acquisitions, or other strategic initiatives.
It's important to note that having some level of debt can be beneficial for a company as it can provide leverage for growth opportunities, but high levels of debt relative to equity could indicate financial risk. Monitoring the trend of the debt-to-equity ratio over time can provide insights into the company's capital structure and financial health.
Peer comparison
Mar 2, 2024