Dollar Tree Inc (DLTR)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.47	0.00	0.00	0.38	0.00	0.38	0.00	0.38	0.00	0.39	0.00	0.41	0.00	0.41	0.00	0.00

January 31, 2025 calculation

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

The debt-to-equity ratio of Dollar Tree Inc has shown fluctuations over the past few years. As of January 31, 2022, and in subsequent periods up to October 31, 2024, the company maintained a debt-to-equity ratio of 0.00, indicating that the company had no debt and relied entirely on equity to finance its operations during those periods.

However, there were a few exceptions to this trend. In July 30, 2022, and October 29, 2022, the debt-to-equity ratio briefly increased to 0.41, suggesting a higher level of debt relative to equity during those periods. Subsequently, by January 28, 2023, the ratio decreased to 0.39 before stabilizing at 0.38 from April 29, 2023, to October 28, 2023.

A notable increase in the debt-to-equity ratio occurred on February 3, 2024, when it rose to 0.47, indicating a temporary increase in debt compared to equity. However, the ratio returned to 0.00 in the following periods up to January 31, 2025.

Overall, Dollar Tree Inc's debt-to-equity ratio has generally been low or zero, reflecting a conservative financial structure with minimal reliance on debt financing. The occasional spikes in the ratio may indicate strategic decisions or specific financial activities during those periods that led to increased debt levels relative to equity.