Foot Locker Inc (FL)
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 | 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 stockholders’ equity | US$ in thousands | 2,890,000 | 3,205,000 | 3,247,000 | 3,283,000 | 3,293,000 | 3,259,000 | 3,217,000 | 3,215,000 | 3,243,000 | 3,342,000 | 3,341,000 | 2,930,000 | 2,776,000 | 2,652,000 | 2,403,000 | 2,314,000 | 2,473,000 | 2,427,000 | 2,512,000 | 2,602,000 |
| Debt-to-capital ratio | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $395,000K ÷ ($395,000K + $2,890,000K)
= 0.12
The debt-to-capital ratio of Foot Locker Inc has been relatively stable over the period provided, ranging from 0.11 to 0.13. This indicates that the company has maintained a conservative level of debt relative to its total capital structure. The slight fluctuation in the ratio suggests that Foot Locker has managed its debt levels prudently without taking on excessive financial leverage. The low debt-to-capital ratio signifies that a significant portion of the company's capital structure is funded through equity, which can provide a certain degree of financial stability and flexibility. However, a ratio of 0.13 in the most recent period may indicate a slightly higher reliance on debt compared to previous periods, warranting continued monitoring to ensure the company maintains a healthy balance between debt and equity financing.
Peer comparison
Feb 3, 2024