Abercrombie & Fitch Company (ANF)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,035,160	694,841	826,090	936,628	1,058,810
Debt-to-equity ratio		0.21	0.43	0.37	0.37	0.22

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $222,119K ÷ $1,035,160K
= 0.21

The debt-to-equity ratio for Abercrombie & Fitch Company has fluctuated over the past five years, indicating varying levels of leverage and financial risk. In the most recent fiscal year ending on February 3, 2024, the ratio decreased to 0.21 from 0.43 in the previous year. This substantial decline suggests that the company has reduced its reliance on debt in relation to equity, which could signify improved financial health and stability. Comparing this to the ratios of 0.37 in both January 29, 2022, and January 30, 2021, it indicates that the company's capital structure has undergone notable changes over the past few years. The lowest point in the period was on February 1, 2020, with a ratio of 0.22, indicating a lower level of debt relative to equity at that time. Overall, the trend in the debt-to-equity ratio for Abercrombie & Fitch Company reflects a mix of leverage management strategies and capital structure adjustments to support its financial position and operational requirements.