The Gap, Inc. (GAP)

Debt-to-assets ratio

Feb 1, 2025 Nov 2, 2024 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
Long-term debt US$ in thousands 1,490,000 1,489,000 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
Total assets US$ in thousands 11,885,000 11,853,000 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
Debt-to-assets ratio 0.13 0.13 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

February 1, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,490,000K ÷ $11,885,000K
= 0.13

The debt-to-assets ratio of The Gap, Inc. has shown relatively stable and low levels over the past few years. As of February 1, 2025, the ratio stands at 0.13, indicating that for every $1 of assets, the company has $0.13 of debt. This suggests that the company is using a conservative approach to financing its operations and investments, relying more on equity than debt to fund its activities. The consistency in the ratio over time indicates a prudent financial strategy and effective management of debt levels relative to the company's asset base.