Dollar General Corporation (DG)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 2, 2024 | Jan 31, 2024 | Nov 3, 2023 | Oct 31, 2023 | Aug 4, 2023 | Jul 31, 2023 | May 5, 2023 | Apr 30, 2023 | Feb 3, 2023 | Jan 31, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | Apr 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5,985,730 | — | 4,290,700 | — | 3,947,460 |
| Total assets | US$ in thousands | 31,132,700 | 31,460,400 | 31,813,800 | 31,009,500 | 30,795,600 | 33,742,100 | 30,624,600 | 30,624,600 | 30,395,600 | 30,395,600 | 29,803,900 | 29,803,900 | 29,083,400 | 29,083,400 | 29,007,200 | 29,007,200 | 28,239,300 | 28,239,300 | 26,956,300 | 26,956,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.00 | 0.15 | 0.00 | 0.15 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $31,132,700K
= 0.00
The debt-to-assets ratio of Dollar General Corporation has shown varying trends over the specified time period. The ratio indicates the proportion of the company's total assets financed by debt.
Between April 29, 2022, and April 30, 2022, the ratio decreased significantly from 0.15 to 0.00, suggesting a reduction in the level of debt relative to the company's total assets. This trend continued until October 28, 2022, when the ratio slightly increased to 0.21, implying a higher reliance on debt to finance assets.
Subsequently, the ratio decreased to 0.00 in January 31, 2023, and remained at this level for the following reporting periods up to October 31, 2024. This consistent decrease and maintenance at 0.00 indicate that Dollar General Corporation has been effectively managing its debt levels and maintaining a strong financial position with minimal debt relative to its assets.
Overall, the data shows that Dollar General Corporation has maintained a low debt-to-assets ratio over the specified time frame, suggesting a conservative approach to debt management and a strong financial position with a significant portion of assets financed through equity rather than debt.
Peer comparison
Jan 31, 2025