Foot Locker Inc (FL)

Solvency ratios

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
Debt-to-assets ratio 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02
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
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
Financial leverage ratio 2.38 2.32 2.32 2.33 2.40 2.38 2.45 2.45 2.51 2.46 2.27 2.54 2.54 2.65 2.88 2.94 2.66 2.73 2.68 2.66

Foot Locker Inc's solvency ratios provide insight into the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable, ranging between 0.05 to 0.06 over the past few quarters, indicating that only a small portion of the company's assets are financed by debt.

The debt-to-capital and debt-to-equity ratios have also shown stability, hovering around 0.11 to 0.13 and 0.12 to 0.15, respectively. These ratios suggest that Foot Locker relies moderately on debt to finance its operations, with a greater proportion of capital coming from equity.

The financial leverage ratio has fluctuated within a range of 2.27 to 2.94, indicating changes in the company's overall leverage. A higher ratio signifies higher financial risk due to increased reliance on debt financing.

Overall, Foot Locker Inc's solvency ratios show a conservative approach to debt management, with a relatively low level of indebtedness compared to its assets and equity. However, the slight fluctuations in the financial leverage ratio imply some variability in the company's leverage levels over time, which may warrant further monitoring for potential impacts on long-term financial health.

Coverage ratios

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
Interest coverage 15.78 18.67 28.10 38.36 38.73 33.68 33.80 44.33 57.33 75.25 80.45 57.50 23.31 26.50 25.33 28.73 64.90 69.20 67.20 70.30

Foot Locker Inc's interest coverage ratio, which is a measure of the company's ability to cover its interest expenses with its operating income, has shown a generally positive trend over the past few quarters. The ratio has consistently been above 1, indicating that Foot Locker Inc has generated enough operating income to cover its interest expenses.

Looking at the data, we can observe that the interest coverage ratio has been increasing steadily, reaching a high of 80.45 in the quarter ended July 31, 2021. This suggests that Foot Locker Inc's operating income has been more than sufficient to cover its interest costs, providing a buffer against potential financial difficulties.

Although there was a slight dip in the ratio in the quarter ended January 30, 2021, it remained above 1, indicating that Foot Locker Inc still had a healthy ability to meet its interest obligations. Overall, the consistently strong interest coverage ratios suggest that Foot Locker Inc has been effectively managing its debt obligations and generating adequate profits to cover its interest expenses.