Foot Locker Inc (FL)
Debt-to-equity ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 395,000 | 395,000 | 394,000 | 100,000 | 122,000 |
| Total stockholders’ equity | US$ in thousands | 2,890,000 | 3,293,000 | 3,243,000 | 2,776,000 | 2,473,000 |
| Debt-to-equity ratio | 0.14 | 0.12 | 0.12 | 0.04 | 0.05 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $395,000K ÷ $2,890,000K
= 0.14
The debt-to-equity ratio of Foot Locker Inc has shown variation over the past five years. In 2024, the ratio stands at 0.14, which indicates that the company's debt level in relation to equity has increased compared to the previous year. In 2023 and 2022, the ratio was consistent at 0.12, suggesting a stable financial structure with a moderate reliance on debt. However, a notable increase in the ratio from 0.04 in 2021 to 0.12 in 2022 may signify a strategic decision to increase leverage for operational purposes or growth initiatives. The relatively low ratios in 2021 and 2020 (0.04 and 0.05, respectively) reflect a conservative approach to debt management and a stronger equity position within the company. Overall, the trend in Foot Locker's debt-to-equity ratio indicates some variability but generally suggests a balanced capital structure with careful consideration of debt levels.
Peer comparison
Feb 3, 2024