Foot Locker Inc (FL)
Debt-to-equity ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 395,000 | — | — | 395,000 |
| Total stockholders’ equity | US$ in thousands | 2,909,000 | 2,890,000 | 2,890,000 | 3,293,000 | 3,293,000 |
| Debt-to-equity ratio | 0.00 | 0.14 | 0.00 | 0.00 | 0.12 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,909,000K
= 0.00
The debt-to-equity ratio for Foot Locker Inc has shown fluctuations over the years based on the provided data. As of January 28, 2023, the ratio stood at 0.12, indicating that the company had a moderate level of debt relative to its equity. Subsequently, for the periods ending January 31, 2023, and January 31, 2024, the ratio dropped to 0.00, suggesting that the company either significantly reduced its debt levels or increased its equity base during those periods.
However, by February 3, 2024, the debt-to-equity ratio increased to 0.14, signaling a slight increase in the company's debt compared to its equity. This change may imply taking on more debt relative to equity, which could potentially increase the company's financial risk.
As of January 31, 2025, the ratio returned to 0.00, indicating a similar balance between debt and equity as previously seen. It is essential for investors and stakeholders to monitor changes in the debt-to-equity ratio as it provides insights into the company's capital structure and financial leverage, influencing its overall financial health and risk profile.
Peer comparison
Jan 31, 2025