Dollar Tree Inc (DLTR)

Debt-to-assets 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	3,426,300	3,425,100	3,423,900	3,422,700	3,421,600	3,420,400	3,419,300	3,418,100	3,417,000	3,231,100	3,229,500	3,227,800	3,226,200	3,225,300	3,224,300	3,223,300	3,522,200	3,520,200	3,518,600	3,516,900
Total assets	US$ in thousands	22,023,500	24,031,200	23,428,000	23,108,600	23,022,100	22,909,500	22,676,300	22,372,300	21,721,800	21,390,000	20,445,200	21,050,700	20,696,000	20,652,200	20,671,000	20,471,800	19,574,600	19,742,100	19,493,800	19,354,300
Debt-to-assets ratio		0.16	0.14	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.15	0.16	0.15	0.16	0.16	0.16	0.16	0.18	0.18	0.18	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 been relatively stable over the past few quarters, hovering around the range of 0.14 to 0.18. This indicates that the company relies on debt to finance a portion of its assets, with around 14% to 18% of its assets being financed through debt obligations. The consistent ratio suggests a balanced approach to leveraging, where the company is not overly reliant on debt to fund its operations or expansion. It is important to note that a lower debt-to-assets ratio generally indicates lower financial risk, as it suggests that the company has more assets relative to its debt obligations.