Dell Technologies Inc (DELL)

Debt-to-capital ratio

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	19,012,000	23,015,000	21,131,000	32,865,000	44,319,000
Total stockholders’ equity	US$ in thousands	-2,404,000	-3,122,000	-1,685,000	2,479,000	-1,574,000
Debt-to-capital ratio		1.14	1.16	1.09	0.93	1.04

February 2, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $19,012,000K ÷ ($19,012,000K + $-2,404,000K)
= 1.14

The debt-to-capital ratio of Dell Technologies Inc has fluctuated over the past five years, as follows:

- As of February 2, 2024, the debt-to-capital ratio stood at 1.14, indicating that the company's total debt represented 114% of its total capital.
- In comparison, the ratio was slightly higher at 1.16 on February 3, 2023.
- However, the ratio decreased to 1.09 on January 28, 2022, suggesting a lower level of leverage compared to the prior year.
- On January 29, 2021, the ratio was 0.93, indicating a decrease in debt relative to total capital compared to the previous year.
- The ratio increased to 1.04 on January 31, 2020, signifying a higher level of debt relative to total capital compared to the previous year.

Overall, Dell Technologies Inc has experienced fluctuations in its debt-to-capital ratio over the past five years, with the ratio varying between 0.93 and 1.16. This indicates changes in the proportion of debt to total capital, which can impact the company's financial risk and ability to meet its financial obligations.