Dell Technologies Inc (DELL)

Debt-to-capital ratio

		Jan 31, 2025	Feb 2, 2024	Jan 31, 2024	Feb 3, 2023	Jan 31, 2023
Long-term debt	US$ in thousands	—	19,012,000	—	23,015,000	—
Total stockholders’ equity	US$ in thousands	-1,482,000	-2,404,000	-2,404,000	-3,122,000	-3,122,000
Debt-to-capital ratio		—	1.14	—	1.16	—

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-1,482,000K)
= —

Dell Technologies Inc's debt-to-capital ratio has been relatively stable over the past few years. As of February 2, 2024, the ratio stands at 1.14, indicating that the company relies on debt to finance approximately 114% of its overall capital structure. It is important to note, however, that there are missing data points for January 31, 2023, and January 31, 2024, which may limit the ability to assess the trend accurately. This ratio provides insights into the extent to which Dell utilizes debt in its capital structure, and a lower ratio could suggest lower financial risk and greater financial stability. Further analysis of trends over time and comparison with industry peers would provide a more comprehensive understanding of Dell's leverage position.