Dollar General Corporation (DG)

Financial leverage 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
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
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
Financial leverage ratio		4.56	4.75	4.83	5.02	5.25	4.76	4.56	4.52	4.20	4.19	4.15	4.04	3.88	3.74	3.51	3.45	3.41	3.37	3.25	3.24

February 2, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,795,600K ÷ $6,749,120K
= 4.56

The financial leverage ratio of Dollar General Corporation has fluctuated over the recent quarters. The ratio indicates the company's financial risk and its reliance on debt financing. From May 2019 to Feb 2023, the ratio steadily increased from 3.24 to 5.25, signaling a more significant proportion of debt in the company's capital structure. However, from Feb 2023 to Feb 2024, there has been a slight decrease in the ratio from 5.25 to 4.56, suggesting a reduction in financial leverage and potential lower risk exposure. Overall, Dollar General Corporation's financial leverage ratio has shown variability, indicating changes in its debt levels and financial risk management strategies over the analyzed period.