Abercrombie & Fitch Company (ANF)

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	May 1, 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
Long-term debt	US$ in thousands	222,119	248,033	297,385	297,172	296,852	296,532	304,219	303,901	303,574	303,247	303,015	344,278	343,910	343,559	343,250	232,178	231,963	241,343	251,033	250,736
Total assets	US$ in thousands	2,974,230	2,897,650	2,796,710	2,558,080	2,713,100	2,693,990	2,734,090	2,607,300	2,939,490	3,112,530	3,055,390	3,070,550	3,314,900	3,276,960	3,308,810	3,291,830	3,549,660	3,486,000	3,407,000	3,422,970
Debt-to-assets ratio		0.07	0.09	0.11	0.12	0.11	0.11	0.11	0.12	0.10	0.10	0.10	0.11	0.10	0.10	0.10	0.07	0.07	0.07	0.07	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 relatively stable levels over the past few quarters, ranging from 0.07 to 0.12. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests that the company relies less on debt to fund its operations and expansion, while a higher ratio may indicate higher financial risk due to increased leverage.

In this case, Abercrombie & Fitch Company's debt-to-assets ratio has generally been on the lower side, fluctuating around 0.10. This suggests that the company has a conservative approach to its capital structure, maintaining a healthy balance between debt and equity financing. A consistent ratio over time can imply stability in the company's financial structure and a potential ability to weather economic downturns or financial challenges.

Overall, the trend of Abercrombie & Fitch Company's debt-to-assets ratio indicates prudent financial management and a relatively low level of financial risk associated with its debt load.