Dollar Tree Inc (DLTR)

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	3,426,300	3,421,600	3,417,000	3,226,200	3,522,200
Total assets	US$ in thousands	22,023,500	23,022,100	21,721,800	20,696,000	19,574,600
Debt-to-assets ratio		0.16	0.15	0.16	0.16	0.18

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,426,300K ÷ $22,023,500K
= 0.16

The debt-to-assets ratio of Dollar Tree Inc has shown relatively consistent levels over the past five years, ranging from 0.15 to 0.18. This ratio indicates the proportion of the company's assets that are financed through debt. With the ratio hovering around 0.16 in recent years, it suggests that Dollar Tree relies on debt to finance approximately 16% of its total assets. The consistency in this ratio implies that Dollar Tree has maintained a stable balance between debt and assets in its capital structure, which may reflect a prudent approach to managing its financial obligations and maintaining a strong financial position.