Dollar General Corporation (DG)
Financial leverage ratio
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 31,132,700 | 30,795,600 | 30,795,600 | 29,083,400 | 29,083,400 |
| Total stockholders’ equity | US$ in thousands | 7,413,710 | 6,749,120 | 6,749,120 | 5,541,770 | 5,541,770 |
| Financial leverage ratio | 4.20 | 4.56 | 4.56 | 5.25 | 5.25 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $31,132,700K ÷ $7,413,710K
= 4.20
The financial leverage ratio of Dollar General Corporation has shown a gradual decrease over the past three years. In January 2023 and February 2023, the ratio was 5.25, indicating a high level of financial leverage. However, by January 2024 and February 2024, the ratio decreased to 4.56, showing a reduction in the company's reliance on debt financing. As of January 2025, the financial leverage ratio further decreased to 4.20, suggesting a continued improvement in the company's financial structure and potentially lower financial risk. Overall, this trend indicates that Dollar General Corporation has been effectively managing its leverage and debt levels over the analyzed period.
Peer comparison
Jan 31, 2025