American Eagle Outfitters Inc (AEO)

Debt-to-assets ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019
Long-term debt	US$ in thousands	—	—	3,225	30,225	8,911	411,911	376,522	405,807	341,002	336,249	331,680	325,290	321,081	516,953	642,972	—	—	—	—	—
Total assets	US$ in thousands	3,557,910	3,520,790	3,431,910	3,373,890	3,420,960	3,672,480	3,629,220	3,701,520	3,786,640	3,750,020	3,495,020	3,434,810	3,498,220	3,627,980	3,630,110	3,328,680	3,452,250	3,359,160	3,255,350	1,903,380
Debt-to-assets ratio		0.00	0.00	0.00	0.01	0.00	0.11	0.10	0.11	0.09	0.09	0.09	0.09	0.09	0.14	0.18	0.00	0.00	0.00	0.00	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 variability over the past few quarters. The ratio has been relatively low, with some fluctuations. From February 3, 2024, to January 28, 2023, the ratio remained consistently low, ranging from 0.00 to 0.01. This implies that the company has minimal debt in relation to its total assets during this period.

However, the ratio slightly increased to 0.11 in October 29, 2022, before decreasing to 0.09 in January 29, 2022. In the next two quarters, the ratio remained in the range of 0.09 to 0.11. This suggests that there was a slight increase in debt relative to assets during this time.

Notably, the debt-to-assets ratio increased to 0.14 in August 1, 2020, and further to 0.18 in May 2, 2020, which indicates a significant increase in debt compared to assets during that period. However, the ratio returned to lower levels in subsequent quarters.

Overall, the debt-to-assets ratio of American Eagle Outfitters Inc has been relatively low, with occasional fluctuations, suggesting that the company has maintained a conservative approach towards debt management and has primarily relied on equity to finance its assets.