Foot Locker Inc (FL)
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 | 395,000 | 395,000 | 395,000 | 395,000 | 395,000 | 395,000 | 394,000 | 394,000 | 394,000 | 492,000 | 99,000 | 99,000 | 100,000 | 120,000 | 121,000 | 121,000 | 122,000 | 122,000 | 123,000 | 123,000 |
| Total assets | US$ in thousands | 6,868,000 | 7,420,000 | 7,536,000 | 7,643,000 | 7,907,000 | 7,762,000 | 7,868,000 | 7,878,000 | 8,135,000 | 8,211,000 | 7,585,000 | 7,442,000 | 7,043,000 | 7,018,000 | 6,912,000 | 6,796,000 | 6,589,000 | 6,621,000 | 6,720,000 | 6,928,000 |
| Debt-to-assets ratio | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $395,000K ÷ $6,868,000K
= 0.06
Based on the given data, the debt-to-assets ratio of Foot Locker Inc has remained relatively stable over the past several quarters, ranging between 0.01 and 0.06. The ratio indicates that for every dollar of assets Foot Locker owns, they have between 1% to 6% in debt obligations.
The consistently low debt-to-assets ratio suggests that Foot Locker has a conservative approach to financing its operations, relying more on equity than debt to fund its activities. This can be seen as a positive sign, indicating financial stability and lower financial risk for the company.
It's worth noting that the slight fluctuations in the ratio may be attributed to changes in the company's debt levels or asset values over time. However, the overall trend of maintaining a low debt-to-assets ratio demonstrates Foot Locker's prudent financial management and ability to sustain its operations without excessive reliance on debt financing.
Peer comparison
Feb 3, 2024