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