Foot Locker Inc (FL)
Debt-to-equity 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-equity ratio | 0.14 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.15 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 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 been relatively stable over the past few quarters, ranging between 0.12 and 0.15. This indicates that the company has been maintaining a conservative capital structure with a lower proportion of debt compared to equity. The lower the debt-to-equity ratio, the lower the financial risk for the company, as it suggests that the company relies more on equity financing rather than debt financing.
The slight increase in the debt-to-equity ratio from 0.12 to 0.15 in the most recent quarter suggests a potential increase in debt relative to equity, which may warrant further monitoring to ensure the company is effectively managing its debt levels. Overall, the consistent and relatively low debt-to-equity ratio demonstrates a healthy financial position for Foot Locker Inc, as it indicates a balance between debt and equity financing.
Peer comparison
Feb 3, 2024