Abercrombie & Fitch Company (ANF)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,035,160 866,108 768,306 701,857 694,841 646,231 661,788 695,361 826,090 908,934 956,566 941,174 936,628 849,379 805,681 790,239 1,058,810 983,512 991,977 1,094,840
Debt-to-capital ratio 0.18 0.22 0.28 0.30 0.30 0.31 0.31 0.30 0.27 0.25 0.24 0.27 0.27 0.29 0.30 0.23 0.18 0.20 0.20 0.19

February 3, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $222,119K ÷ ($222,119K + $1,035,160K)
= 0.18

The debt-to-capital ratio of Abercrombie & Fitch Company has exhibited some fluctuations over the past few quarters. As of Feb 3, 2024, the ratio stands at 0.18, indicating that debt accounts for 18% of the company's capital structure.

The ratio has ranged between 0.18 and 0.31 over the last few periods, with the highest point observed in Jul 29, 2023, at 0.31. This suggests that the company had a higher reliance on debt to finance its operations and investments during that period.

A decreasing trend can be observed from Jul 29, 2023, to Feb 3, 2024, where the ratio declined from 0.31 to 0.18. This could imply that Abercrombie & Fitch Company is reducing its debt levels relative to its capital base, which may indicate a more conservative financial strategy or improved financial health.

Overall, the debt-to-capital ratio provides insight into the company's leverage and solvency levels, with a lower ratio indicating a lesser reliance on debt financing. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's financial risk and stability.