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

Company name
Symbol
Financial leverage ratio
Caleres Inc
CAL
3.22
Skechers USA Inc
SKX
1.88
Steven Madden Ltd
SHOO
1.62
Wolverine World Wide Inc
WWW
7.40