Five Below Inc (FIVE)

Debt-to-capital 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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,584,960	1,377,920	1,440,150	1,387,300	1,361,930	1,184,490	1,162,580	1,114,940	1,120,280	1,033,250	1,002,460	930,642	881,886	749,542	723,955	689,765	759,778	645,391	651,936	635,999
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,584,960K)
= 0.00

The debt-to-capital ratio for Five Below Inc has consistently been recorded as 0.00 across multiple reporting periods. This indicates that the company has not utilized debt to finance its operations and growth, relying instead on equity or other non-debt sources to fund its capital structure. A debt-to-capital ratio of 0.00 suggests a low financial risk, as the company is not burdened with significant debt obligations relative to its capital base. Investors and stakeholders may view this as a positive sign of financial health and stability, as it signifies a lower level of financial leverage and potential interest rate risk. However, it is important to note that a low debt-to-capital ratio may also indicate missed opportunities to leverage debt for potentially higher returns on investment.