Science Applications International Corporation Common Stock (SAIC)
Debt-to-assets ratio
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,022,000 | 2,194,000 | 2,215,000 | 2,329,000 | 2,343,000 | 2,358,000 | 2,462,000 | 2,342,000 | 2,370,000 | 2,433,000 | 2,461,000 | 2,390,000 | 2,447,000 | 2,446,000 | 2,657,000 | 2,801,000 | 1,851,000 | 1,872,000 | 1,887,000 | 1,902,000 |
| Total assets | US$ in thousands | 5,314,000 | 5,658,000 | 5,672,000 | 5,957,000 | 5,543,000 | 5,628,000 | 5,654,000 | 5,716,000 | 5,746,000 | 5,916,000 | 5,905,000 | 5,812,000 | 5,723,000 | 5,875,000 | 5,947,000 | 6,016,000 | 4,711,000 | 4,700,000 | 4,627,000 | 4,607,000 |
| Debt-to-assets ratio | 0.38 | 0.39 | 0.39 | 0.39 | 0.42 | 0.42 | 0.44 | 0.41 | 0.41 | 0.41 | 0.42 | 0.41 | 0.43 | 0.42 | 0.45 | 0.47 | 0.39 | 0.40 | 0.41 | 0.41 |
February 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,022,000K ÷ $5,314,000K
= 0.38
The debt-to-assets ratio for Science Applications International Corporation Common Stock has shown some fluctuation over the past few quarters, ranging from 0.38 to 0.47. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio generally suggests lower financial risk, as it implies that the company relies less on debt to finance its operations.
In this case, the company's debt-to-assets ratio has generally been around the 0.40 level, indicating that a substantial portion of its assets are financed through debt. The slight variations in the ratio over time suggest that the company may be adjusting its capital structure or taking on additional debt to support growth or operations.
It's important to note that the interpretation of the debt-to-assets ratio should be considered in conjunction with other financial metrics and factors, such as the company's industry norms, future growth prospects, and overall financial health. A consistent trend of increasing debt relative to assets could indicate a higher financial risk, while a decreasing trend may suggest a more conservative financing approach.
Peer comparison
Feb 2, 2024