Foot Locker Inc (FL)
Financial leverage ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,748,000 | 6,868,000 | 6,868,000 | 7,907,000 | 7,907,000 |
| Total stockholders’ equity | US$ in thousands | 2,909,000 | 2,890,000 | 2,890,000 | 3,293,000 | 3,293,000 |
| Financial leverage ratio | 2.32 | 2.38 | 2.38 | 2.40 | 2.40 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,748,000K ÷ $2,909,000K
= 2.32
The financial leverage ratio of Foot Locker Inc has shown stability over the past few years, as it remained around 2.40 in January 2023 and February 2024, slightly decreasing to 2.38 in January 2024. This indicates that the company relies on debt financing to support its operations, with a moderate level of leverage that has been consistently maintained. The slight decrease in the ratio from 2023 to 2025 to 2.32 suggests a potential improvement in the company's ability to meet its financial obligations through a more optimal capital structure. Overall, Foot Locker Inc's financial leverage ratio demonstrates a balanced approach to utilizing debt in its capital structure.
Peer comparison
Jan 31, 2025