AZZ (AZZ) Debt-to-Equity : 1.40 (As of Feb. 2024)

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What is AZZ Debt-to-Equity?

AZZ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $7 Mil. AZZ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $971 Mil. AZZ's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $701 Mil. AZZ's debt to equity for the quarter that ended in Feb. 2024 was 1.39.

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 AZZ's Debt-to-Equity or its related term are showing as below:

AZZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.52 Max: 1.75
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of AZZ was 1.75. The lowest was 0.35. And the median was 0.52.

AZZ's Debt-to-Equity is ranked worse than
80.22% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs AZZ: 1.40

AZZ Debt-to-Equity Historical Data

The historical data trend for AZZ'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.

AZZ Debt-to-Equity Chart

AZZ Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.39

0.35

0.36

1.75

1.40

AZZ 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															1.75	1.23	1.14	1.09	1.40

Competitive Comparison of AZZ's Debt-to-Equity

For the Specialty Business Services subindustry, AZZ'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.

AZZ's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Debt-to-Equity distribution charts can be found below:

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

AZZ Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AZZ's Debt to Equity Ratio for the fiscal year 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
	=	(6.659	+	970.569)	/	700.769
	=	1.39

AZZ'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
	=	(6.659	+	970.569)	/	700.769
	=	1.39

AZZ (NYSE:AZZ) 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.

AZZ Debt-to-Equity Related Terms

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

AZZ (AZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AZZ Inc (NYSE:AZZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AI7:Germany

Address

3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107

Website

https://www.azz.com

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

Executives

Tiffany Moseley	officer: Chief Accounting Officer	ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Ken Lavelle	officer: President & GM - Electrical	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kurt L. Russell	officer: COO - Precoat Metals	ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Philip A Schlom	officer: VP, Chief Accounting Officer	C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Thomas E Ferguson	director, officer: President and CEO	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
David Kaden	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tara D Mackey	officer: VP Chief Legal Officer	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76116
Bryan Lee Stovall	officer: SVP - Metal Coatings	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Clive A Grannum	director	OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105
Carol R Jackson	director	777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Gary L. Hill	officer: President & GM-Industrial	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Michael Doucet	officer: SVP - Alternative Coatings	ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kevern R Joyce	director	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Paul Wesley Fehlman	other: Finance	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Matthew Varley Emery	officer: VP CHIEF INFORMATION OFFICER	ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107