Dollar Tree Inc (DLTR)

Debt-to-capital ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
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	—	—
Total stockholders’ equity	US$ in thousands	18,644,000	7,636,100	7,379,500	7,312,400	7,313,100	7,313,100	8,998,200	8,998,200	9,031,000	9,031,000	8,899,700	8,899,700	8,751,500	8,751,500	8,275,300	8,275,300	8,396,500	8,396,500	8,241,500	7,718,500
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.32	0.00	0.00	0.28	0.00	0.27	0.00	0.28	0.00	0.28	0.00	0.29	0.00	0.29	0.00	0.00

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $18,644,000K)
= 0.00

The debt-to-capital ratio of Dollar Tree Inc has shown fluctuations over the given time period. As of January 31, 2022, and in subsequent periods up to April 30, 2023, the company maintained a debt-to-capital ratio of 0.00, indicating that the company was primarily relying on equity to finance its operations.

However, there was a notable increase in the debt-to-capital ratio as of July 30, 2022 and October 29, 2022, where the ratio stood at 0.29. This may suggest that Dollar Tree Inc took on more debt relative to its total capital during these periods, potentially to fund growth opportunities or other strategic initiatives.

Subsequently, the debt-to-capital ratio decreased to 0.27 as of July 29, 2023, before increasing slightly to 0.28 by January 28, 2024 and April 29, 2023. The ratio spiked to 0.32 as of February 3, 2024, but then reverted back to 0.00 by April 30, 2024, where it remained stable for the following periods up to January 31, 2025.

Overall, the debt-to-capital ratio trend for Dollar Tree Inc indicates a mix of debt and equity financing strategies, with periods of increased reliance on debt followed by returns to lower levels. It is essential for stakeholders to monitor these ratios to assess the company's leverage and financial risk over time.