Abercrombie & Fitch Company (ANF)

Debt-to-capital ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Long-term debt	US$ in thousands	—	222,119	—	—	296,852
Total stockholders’ equity	US$ in thousands	1,335,630	1,035,160	1,035,160	694,841	694,841
Debt-to-capital ratio		0.00	0.18	0.00	0.00	0.30

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,335,630K)
= 0.00

The debt-to-capital ratio of Abercrombie & Fitch Company has shown fluctuations over the past few years. As of January 28, 2023, the ratio was 0.30, indicating that the company had a debt level comprising 30% of its capital structure. Subsequently, the ratio dropped to 0.00 by January 31, 2023, and remained at 0.00 by January 31, 2024. This suggests that the company either significantly reduced its debt or increased its capital base during this period.

However, by February 3, 2024, the debt-to-capital ratio increased to 0.18, indicating a slight shift towards higher debt utilization compared to the previous year. The ratio then dropped back to 0.00 by January 31, 2025, suggesting a return to a debt-free or nearly debt-free status.

Overall, the trend in the debt-to-capital ratio of Abercrombie & Fitch Company reflects fluctuations in the company's capital structure and debt management strategies over the analyzed period. The variations in the ratio may indicate changes in the company's financial leverage and risk exposure, highlighting the importance of monitoring this metric for a comprehensive assessment of the company's financial health.