American Eagle Outfitters Inc (AEO)

Debt-to-assets ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Long-term debt	US$ in thousands	—	8,911	341,002	325,290	—
Total assets	US$ in thousands	3,557,910	3,420,960	3,786,640	3,434,810	3,328,680
Debt-to-assets ratio		0.00	0.00	0.09	0.09	0.00

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,557,910K
= 0.00

The debt-to-assets ratio of American Eagle Outfitters Inc has shown consistency in recent years. It remained at 0.00 in the years 2020, 2023, and 2024, indicating that the company had no debt relative to its total assets in those years. In 2021 and 2022, the ratio was 0.09, suggesting that around 9% of the company's assets were financed through debt in those years. Overall, the company has maintained a low debt-to-assets ratio, which indicates a conservative approach to leverage and a stronger financial position with a higher proportion of assets financed through equity rather than debt.