Ferguson's Debt Overview
Portfolio Pulse from Benzinga Insights
Ferguson Inc.'s shares have risen by 16.80% over the past three months. The company's total debt stands at $3.89 billion, with $3.84 billion in long-term debt and $55 million in current debt. After adjusting for $625 million in cash-equivalents, the net debt is $3.27 billion. The company's debt-ratio is 0.25, indicating a moderate level of financial leverage.
July 20, 2023 | 1:00 pm
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Ferguson Inc.'s financial leverage is moderate with a debt-ratio of 0.25. The company's shares have been performing well, with a 16.80% increase over the past three months.
Ferguson's debt-ratio of 0.25 indicates a moderate level of financial leverage, which is generally seen as a positive sign by investors as it suggests the company is not overly reliant on debt financing. The recent increase in the company's share price also suggests positive market sentiment towards the company, which could further drive up its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100