Dollar General Corporation (DG)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	6,749,120	6,451,880	6,297,700	5,935,250	5,541,770	6,093,810	6,188,490	5,961,620	6,261,990	6,189,800	6,137,140	6,249,920	6,661,240	6,985,520	7,356,070	7,209,450	6,702,500	6,648,300	6,749,160	6,572,670
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.50	0.41	0.40	0.40	0.00	0.00	0.00	0.00	0.00	0.00	0.35	0.30	0.00	0.00	0.00

February 2, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,749,120K)
= 0.00

The debt-to-capital ratio for Dollar General Corporation has shown fluctuations over the period under review. The ratio was consistently at 0.00 in the initial months of 2019, 2020, and 2021, indicating that the company had no debt relative to its capital during those periods. However, there was a slight increase in the ratio by May 2020 to 0.35, followed by a further increase to 0.40 by April 2022.

In the most recent data available, the debt-to-capital ratio has slightly decreased to 0.30, suggesting that Dollar General Corporation's debt in relation to its capital has declined. It is important to note the sudden jump in the ratio to 0.50 in October 2022, which may warrant further investigation into the reasons behind this increase. Overall, the trend in the debt-to-capital ratio indicates that Dollar General Corporation has maintained a relatively low level of debt in comparison to its capital base, with some variations observed in recent periods.