Dollar General Corporation (DG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.98 | 0.69 | 0.66 | 0.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.55 | 0.43 | 0.00 | 0.00 | 0.00 |
February 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,749,120K
= 0.00
The debt-to-equity ratio for Dollar General Corporation has shown fluctuations over the past few quarters. From the data provided, it can be observed that the company had no debt relative to its equity for most of the quarters, indicating a conservative capital structure. However, in the quarter ending February 3, 2023, there was a significant increase in the debt-to-equity ratio to 0.98, suggesting a higher level of debt compared to equity.
Subsequently, the ratio decreased to 0.69 in the following quarter and further to 0.66 in the quarter ending April 29, 2022. This reduction may indicate a decrease in debt or an increase in equity during those periods. The ratio remained relatively stable around 0.66 to 0.67 in the next few quarters, suggesting a balanced mix of debt and equity in the company's capital structure.
In the more recent quarters, the debt-to-equity ratio fluctuated, with some quarters showing no debt relative to equity and others at 0.55 or 0.43. It is important to note that a lower debt-to-equity ratio generally indicates a lower level of financial risk as the company is relying more on equity financing rather than debt financing.
Overall, Dollar General Corporation has maintained a relatively conservative debt-to-equity ratio in the periods analyzed, with some fluctuations that may reflect changes in the company's capital structure and financial strategy.
Peer comparison
Feb 2, 2024