Dick’s Sporting Goods Inc (DKS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,617,280 | 2,524,620 | 2,101,590 | 2,339,530 | 1,731,600 |
| Debt-to-capital ratio | 0.00 | 0.02 | 0.18 | 0.15 | 0.11 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $2,617,280K)
= 0.00
The debt-to-capital ratio of Dick’s Sporting Goods Inc has shown a notable fluctuation over the past five years. In the most recent fiscal year, as of February 3, 2024, the company reported a debt-to-capital ratio of 0.00, indicating that there was no debt relative to the total capital structure. This represents a significant improvement from the previous year, when the ratio was 0.02.
Looking back further, the trend demonstrates some variability in the company's capital structure. In fiscal year 2023, the ratio was 0.18, indicating a higher reliance on debt to finance its operations compared to the more recent years. In fiscal year 2022 and 2021, the company maintained ratios of 0.15 and 0.11, respectively, showing a relatively stable debt-to-capital position during those periods.
Overall, the downward trend in the debt-to-capital ratio over the past few years suggests that Dick’s Sporting Goods Inc has been reducing its debt levels in relation to its total capital, which can be seen as a positive sign of financial health and stability. This indicates that the company may be managing its capital structure prudently, potentially reducing financial risk and improving its overall financial position.
Peer comparison
Feb 3, 2024