Abercrombie & Fitch Company (ANF)

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	222,119	296,852	303,574	343,910	231,963
Total assets	US$ in thousands	2,974,230	2,713,100	2,939,490	3,314,900	3,549,660
Debt-to-assets ratio		0.07	0.11	0.10	0.10	0.07

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $222,119K ÷ $2,974,230K
= 0.07

The debt-to-assets ratio of Abercrombie & Fitch Company has shown consistency over the past five fiscal years, ranging between 0.07 to 0.11. The ratio indicates that, on average, the company finances between 7% to 11% of its assets through debt, with the remaining being funded through equity.

The trend suggests that Abercrombie & Fitch has maintained a relatively conservative approach to debt financing, as the ratio has not shown significant fluctuations. This is a positive indicator of financial stability and solvency, as a lower debt-to-assets ratio signifies lower financial risk and greater ability to cover debts using assets if necessary.

Overall, the consistent and low debt-to-assets ratio of Abercrombie & Fitch Company reflects a prudent capital structure that balances debt and equity financing effectively.