Acuity Brands (Acuity Brands) Debt-to-Equity : 0.27 (As of Feb. 2024)

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What is Acuity Brands Debt-to-Equity?

Acuity Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $20 Mil. Acuity Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $563 Mil. Acuity Brands's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $2,150 Mil. Acuity Brands's debt to equity for the quarter that ended in Feb. 2024 was 0.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Acuity Brands's Debt-to-Equity or its related term are showing as below:

AYI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.25 Max: 0.36
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Acuity Brands was 0.36. The lowest was 0.19. And the median was 0.25.

AYI's Debt-to-Equity is ranked better than
52.04% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs AYI: 0.27

Acuity Brands Debt-to-Equity Historical Data

The historical data trend for Acuity Brands's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acuity Brands Debt-to-Equity Chart

Acuity Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

0.19

0.22

0.27

0.31

0.29

Acuity Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.30	0.29	0.28	0.27

Competitive Comparison of Acuity Brands's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Acuity Brands's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Acuity Brands's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Acuity Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Acuity Brands's Debt-to-Equity falls into.

Acuity Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Acuity Brands's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.7	+	571.1)	/	2015.4
	=	0.29

Acuity Brands's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.6	+	563.4)	/	2149.6
	=	0.27

Acuity Brands (NYSE:AYI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Acuity Brands Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Acuity Brands's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Acuity Brands (Acuity Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Acuity Brands Inc (NYSE:AYI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AQ8:Germany AQ8:Germany

Address

1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, USA, 30309

Website

https://www.acuitybrands.com

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Executives

Dianne B Mills	officer: SVP & Chief HR Officer	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Barry R Goldman	officer: SVP & General Counsel	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 30309
Laura O'shaughnessy	director	C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Karen J Holcom	officer: Interim CFO	1170 PEACHTREE STREET, NE, SUITE 2400, ATLANTA GA 30309
Michael J Bender	director	3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054
Marcia J Avedon	director	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mark Sachleben	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Maya Leibman	director	4333 AMON CARTER BLVD, FORT WORTH TX 76155
Neil Ashe	director, officer: President & CEO	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
Ray M Robinson	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Dillard George Douglas Jr	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
W. Patrick Battle	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA X1 30309