Dick’s Sporting Goods Inc (DKS)
Debt-to-capital ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 0 | 0 | 58,271 | 152,006 | 368,478 | 466,026 | 449,287 | 441,186 | 433,456 | 425,799 | 418,500 | 411,256 | 404,573 | 1,827,120 | 224,100 | 719,300 | 441,500 | 369,500 |
| Total stockholders’ equity | US$ in thousands | 2,617,280 | 2,384,700 | 2,644,360 | 2,674,170 | 2,524,620 | 2,377,170 | 2,173,510 | 2,194,610 | 2,101,590 | 2,530,820 | 3,005,380 | 2,598,720 | 2,339,530 | 2,121,640 | 1,930,300 | 1,672,020 | 1,731,600 | 1,708,900 | 1,765,090 | 1,826,040 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.06 | 0.14 | 0.18 | 0.18 | 0.15 | 0.13 | 0.14 | 0.15 | 0.16 | 0.17 | 0.52 | 0.11 | 0.30 | 0.20 | 0.17 |
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 fluctuations over the past two years, indicating changes in the company's capital structure and financial leverage. The ratio was consistently low from February 2020 to April 2022, suggesting that the company had little to no debt relative to its total capital during this period.
However, there was a slight increase in the debt-to-capital ratio in July 2022, which continued to rise until August 2020, reaching a peak of 0.52. This increase may signal a higher proportion of debt in the company's capital structure during this period, potentially indicating increased borrowing or leveraging.
From August 2020 onwards, the debt-to-capital ratio decreased significantly, showing a downward trend. This decline suggests that Dick’s Sporting Goods Inc may have reduced its debt levels or increased its equity capital relative to debt.
Overall, the fluctuating trend in the debt-to-capital ratio indicates changes in the company's financing decisions and capital management strategies over the analyzed period. It is essential for stakeholders to monitor such ratios to assess the company's financial health and risk levels associated with its capital structure.
Peer comparison
Feb 3, 2024