Dollar General Corporation (DG)

Debt-to-assets ratio

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	5,985,730	4,290,700	3,947,460	4,172,070	—	—	—	—	—	—	3,967,220	2,911,440	—	—	—
Total assets	US$ in thousands	30,795,600	30,624,600	30,395,600	29,803,900	29,083,400	29,007,200	28,239,300	26,956,300	26,327,400	25,925,300	25,487,800	25,236,700	25,862,600	26,153,400	25,847,400	24,848,300	22,825,100	22,412,800	21,917,500	21,304,300
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.21	0.15	0.15	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.13	0.00	0.00	0.00

February 2, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $30,795,600K
= 0.00

The debt-to-assets ratio for Dollar General Corporation has displayed fluctuations over the past several quarters. In the most recent period, the ratio was 0.00, indicating that the company had no debt relative to its total assets. This contrasts with the earlier trend where the ratio was between 0.13 and 0.21, suggesting a modest level of debt compared to assets. Notably, there were periods when the company had no debt, based on the ratio results. This implies that Dollar General Corporation has been managing its debt levels effectively, as evidenced by the consistent low or zero ratios. It is essential to monitor this ratio over time to understand changes in the company's capital structure and financial health.