Caleres Inc (CAL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,804,750 | 1,826,890 | 1,903,960 | 1,818,080 | 1,836,470 | 1,948,310 | 2,025,210 | 1,928,300 | 1,843,930 | 1,874,560 | 1,832,900 | 1,802,820 | 1,867,050 | 2,027,060 | 2,112,390 | 2,223,680 | 2,431,710 | 2,471,210 | 2,644,390 | 2,493,070 |
| 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 |
| Financial leverage ratio | 3.22 | 3.56 | 4.09 | 4.07 | 4.37 | 4.89 | 5.34 | 5.47 | 5.79 | 6.23 | 7.61 | 8.89 | 9.32 | 7.90 | 8.72 | 7.88 | 3.76 | 3.80 | 4.24 | 3.97 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,804,750K ÷ $560,631K
= 3.22
The financial leverage ratio of Caleres Inc has shown variability over the past few quarters. The ratio indicates the company's level of financial leverage, which is the extent to which it relies on debt to finance its operations.
The trend in the financial leverage ratio shows an increasing level of leverage over time, with the ratio peaking at 9.32 in January 2021. This suggests that Caleres has been taking on more debt compared to its equity to fund its operations and growth opportunities.
However, it's important to note that the ratio decreased to 3.76 in February 2020 and has fluctuated since then, indicating potential efforts by the company to reduce its leverage. The ratio of 3.76 in February 2020 indicates a lower reliance on debt, which may have been a strategic decision to manage financial risk.
Overall, the trend in Caleres Inc's financial leverage ratio indicates fluctuations in the company's debt levels relative to equity. Investors and analysts should continue to monitor this ratio to assess the company's financial risk and stability.
Peer comparison
Feb 3, 2024