Dick’s Sporting Goods Inc (DKS)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 58,271 | 449,287 | 418,500 | 224,100 |
| Total assets | US$ in thousands | 9,311,750 | 8,992,200 | 9,041,680 | 7,752,860 | 6,628,560 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.05 | 0.05 | 0.03 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $9,311,750K
= 0.00
The debt-to-assets ratio of Dick’s Sporting Goods Inc has shown a consistent decline over the past five years. As of February 3, 2024, the company reported a debt-to-assets ratio of 0.00, indicating that the company has no debt relative to its total assets. This signifies a strong financial position with minimal reliance on debt financing. In comparison, the ratio was 0.01 in January 28, 2023, 0.05 in both January 29, 2022, and January 30, 2021, and 0.03 in February 1, 2020. The decreasing trend in the debt-to-assets ratio suggests that the company has been decreasing its debt levels or increasing its asset base, enhancing its financial stability and reducing financial risk. Overall, the consistently low debt-to-assets ratio indicates a healthy balance between debt and assets for Dick’s Sporting Goods Inc.
Peer comparison
Feb 3, 2024