Dick’s Sporting Goods Inc (DKS)
Financial leverage ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,311,750 | 8,992,200 | 9,041,680 | 7,752,860 | 6,628,560 |
| Total stockholders’ equity | US$ in thousands | 2,617,280 | 2,524,620 | 2,101,590 | 2,339,530 | 1,731,600 |
| Financial leverage ratio | 3.56 | 3.56 | 4.30 | 3.31 | 3.83 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,311,750K ÷ $2,617,280K
= 3.56
The financial leverage ratio of Dick’s Sporting Goods Inc has exhibited fluctuations over the past five years. The ratio was 3.83 in February 2020, decreased to 3.31 in January 2021, increased to 4.30 in January 2022, and then remained constant at 3.56 for both January 2023 and February 2024. This indicates that the company has been utilizing a mix of debt and equity to finance its operations and growth. The higher the ratio, the higher the level of financial leverage employed by the company. It is essential for investors and stakeholders to monitor changes in the financial leverage ratio as it can provide insights into the company's risk profile and financial health.
Peer comparison
Feb 3, 2024