Foot Locker Inc (FL)
Debt-to-assets 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 | — | — | — | — | 395,000 | — | — | 395,000 | — | 395,000 | — | 395,000 | — | 395,000 | — | 395,000 | — | 394,000 | — | — |
| Total assets | US$ in thousands | 6,748,000 | 6,862,000 | 6,953,000 | 6,947,000 | 6,868,000 | 6,868,000 | 7,420,000 | 7,420,000 | 7,536,000 | 7,536,000 | 7,701,000 | 7,643,000 | 7,907,000 | 7,907,000 | 7,762,000 | 7,762,000 | 7,868,000 | 7,868,000 | 7,878,000 | 8,136,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,748,000K
= 0.00
Foot Locker Inc's debt-to-assets ratio has been consistently low over the past few years, indicating a strong financial position with minimal reliance on debt to finance its operations. The ratio remained at 0.00 for most of the periods reported, suggesting that the company's total debt relative to its total assets was negligible or close to zero.
There were a few instances where the ratio increased slightly to 0.05 or 0.06, indicating a very marginal increase in debt relative to assets. However, these fluctuations were small and did not significantly impact the overall low leverage position of Foot Locker Inc.
Overall, a consistently low debt-to-assets ratio suggests that Foot Locker Inc has a solid financial foundation and may be better equipped to weather economic downturns or other financial challenges.
Peer comparison
Jan 31, 2025