American Eagle Outfitters Inc (AEO)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,736,760	1,738,290	1,673,000	1,619,020	1,599,160	1,462,530	1,372,920	1,383,010	1,423,670	1,396,700	1,275,530	1,086,660	1,068,200	997,900	996,983	1,247,850	1,260,380	1,228,580	1,241,750	1,287,560
Debt-to-equity ratio		0.00	0.00	0.00	0.02	0.01	0.28	0.27	0.29	0.24	0.24	0.26	0.30	0.30	0.52	0.64	0.00	0.00	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,736,760K
= 0.00

The debt-to-equity ratio of American Eagle Outfitters Inc has shown fluctuations over the past few quarters. As of February 3, 2024, and October 28, 2023, the company had a debt-to-equity ratio of 0.00, indicating that it had no debt relative to its equity. This could suggest a strong financial position and lower financial risk.

However, in April 29, 2023, the debt-to-equity ratio increased to 0.02, which may indicate a slight increase in debt compared to equity. It is important to note that a low debt-to-equity ratio does not always imply financial strength, as it could also indicate underutilization of leverage for growth opportunities.

The company's highest debt-to-equity ratio in recent quarters was 0.64 in May 2, 2020, which suggests a higher proportion of debt relative to equity. This could potentially signal increased financial risk and a higher reliance on borrowing for operations or expansion.

Overall, the debt-to-equity ratio of American Eagle Outfitters Inc has generally remained relatively low, with a few exceptions where it increased significantly. Monitoring this ratio over time can provide insights into the company's capital structure and financial risk management strategies.