Caleres Inc (CAL)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.42 0.99 1.00 0.78 0.83 0.71 0.31 0.31 0.32 0.32

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $560,631K
= 0.00

The debt-to-equity ratio of Caleres Inc has shown a consistent trend of being stable at 0.00 for the majority of the periods provided from May 2019 to April 2023. This indicates that the company had no debt during these periods or had very minimal debt in relation to its equity.

However, there was a notable increase in the debt-to-equity ratio starting from July 2021, reaching a high point of 1.00 in January 2023. This suggests that Caleres Inc took on more debt relative to its equity during this period. Subsequently, the ratio decreased to 0.32 by May 2023, showing a reduction in the company's debt burden compared to equity, but still slightly higher than the pre-increase levels.

Overall, the company's debt-to-equity ratio fluctuated during the periods provided, indicating changes in the capital structure and financial leverage of Caleres Inc. The significant increase in the ratio in early 2023 may warrant further investigation into the reasons behind the higher debt levels and its potential impact on the company's financial health and risk profile.


Peer comparison

Feb 3, 2024