Dick’s Sporting Goods Inc (DKS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,311,750 | 9,282,330 | 9,357,360 | 9,107,810 | 8,992,200 | 8,956,600 | 9,065,280 | 9,219,800 | 9,041,680 | 7,999,280 | 8,386,160 | 8,066,580 | 7,752,860 | 7,565,490 | 7,152,570 | 7,952,550 | 6,628,560 | 7,207,000 | 6,915,220 | 6,911,990 |
| 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 |
| Financial leverage ratio | 3.56 | 3.89 | 3.54 | 3.41 | 3.56 | 3.77 | 4.17 | 4.20 | 4.30 | 3.16 | 2.79 | 3.10 | 3.31 | 3.57 | 3.71 | 4.76 | 3.83 | 4.22 | 3.92 | 3.79 |
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 shown some fluctuations over the past 20 quarters, ranging from a low of 2.79 to a high of 4.30. The ratio peaked at 4.30 in the first quarter of 2022 and hit its lowest point at 2.79 in the third quarter of 2021. The most recent data as of February 3, 2024, indicates a financial leverage ratio of 3.56.
Overall, the company's financial leverage ratio has exhibited variability but has generally remained above 3, indicating that Dick’s Sporting Goods Inc relies more on debt financing to support its operations than on equity financing. Investors and analysts should monitor the trend of this ratio over time to assess the company's risk level and financial stability, as higher leverage ratios can indicate higher financial risk.
Peer comparison
Feb 3, 2024