Designer Brands Inc (DBI)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 225,536 | 272,319 | — |
| Total assets | US$ in thousands | 2,076,230 | 2,009,620 | 2,014,630 | 1,976,600 | 2,465,070 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.11 | 0.14 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,076,230K
= 0.00
The debt-to-assets ratio of Designer Brands Inc has shown significant fluctuations over the past five years. In particular, the ratio was at 0.00 in the most recent fiscal year, indicating that the company had no debt relative to its total assets. This could be a positive sign as it suggests a strong financial position with minimal reliance on debt financing.
However, in the preceding fiscal years, the debt-to-assets ratio was at 0.11 in 2022 and 0.14 in 2021, indicating that the company had a higher level of debt in relation to its total assets during those periods. This could suggest a potential higher financial risk and dependence on debt financing in those years.
Notably, in the fiscal year 2020, the debt-to-assets ratio was back at 0.00, similar to the most recent year, suggesting a return to a lower debt level relative to assets. Overall, the trend in the debt-to-assets ratio for Designer Brands Inc reflects fluctuations in the company's debt management strategies and financial leverage over the past five years.
Peer comparison
Feb 3, 2024