Caleres Inc (CAL)
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 | — | — | — | — | — | — | — | — | — | — | 100,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 |
| Total stockholders’ equity | US$ in thousands | 560,631 | 513,382 | 464,992 | 446,317 | 420,683 | 398,444 | 379,133 | 352,236 | 318,570 | 301,098 | 240,697 | 202,869 | 200,247 | 256,671 | 242,240 | 282,296 | 645,950 | 650,840 | 623,429 | 627,236 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.50 | 0.50 | 0.44 | 0.45 | 0.41 | 0.24 | 0.24 | 0.24 | 0.24 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $560,631K)
= 0.00
The debt-to-capital ratio of Caleres Inc has fluctuated over the periods provided. The ratio was consistently at 0.00 from February 2020 to January 2023, indicating the absence of debt or a very low level of debt compared to the total capital during this period.
However, from July 2021 to July 2022, there was a significant increase in the debt-to-capital ratio, reaching 0.50 in October 2022. This spike suggests that Caleres Inc took on more debt relative to its total capital, potentially for financing growth, acquisitions, or other strategic initiatives.
Subsequently, the ratio decreased gradually from October 2022 to July 2023, indicating a reduction in the proportion of debt to total capital. This downward trend continued until October 2023, where the ratio remained at 0.00 again.
Overall, the debt-to-capital ratio of Caleres Inc has shown variability over the periods, with a notable increase in debt leverage followed by a decrease. It is essential to monitor these trends to assess the company's debt management strategy and its impact on overall financial health.
Peer comparison
Feb 3, 2024