The Gap, Inc. (GAP)
Debt-to-assets ratio
| Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,489,000 | 1,489,000 | 1,488,000 | 1,488,000 | 1,487,000 | 1,487,000 | 1,486,000 | 1,486,000 | 1,485,000 | 1,485,000 | 1,484,000 | 1,484,000 | 2,220,000 | 2,218,000 | 2,216,000 | 2,214,000 | 2,212,000 | 1,250,000 | 1,249,000 | 1,249,000 |
| Total assets | US$ in thousands | 11,509,000 | 10,908,000 | 11,044,000 | 11,052,000 | 10,850,000 | 10,932,000 | 11,386,000 | 12,000,000 | 12,171,000 | 12,257,000 | 12,761,000 | 12,780,000 | 13,759,000 | 13,604,000 | 13,769,000 | 14,373,000 | 13,716,000 | 12,710,000 | 13,679,000 | 14,118,000 |
| Debt-to-assets ratio | 0.13 | 0.14 | 0.13 | 0.13 | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.16 | 0.16 | 0.16 | 0.15 | 0.16 | 0.10 | 0.09 | 0.09 |
August 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,489,000K ÷ $11,509,000K
= 0.13
The debt-to-assets ratio of The Gap, Inc. has been relatively stable over the past several quarters, ranging between 0.09 and 0.16. This ratio indicates the proportion of the company's assets financed by debt, with a lower ratio suggesting lower financial risk as the company relies less on debt to fund its operations.
In the most recent quarter, the debt-to-assets ratio stood at 0.13, indicating that 13% of the company's assets were financed by debt. This suggests that The Gap, Inc. maintains a conservative level of debt relative to its asset base.
Overall, the steady and relatively low debt-to-assets ratio of The Gap, Inc. reflects a conservative approach to capital structure management, which may indicate a lower risk profile and financial stability for the company.
Peer comparison
Aug 3, 2024