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.
Peer comparison
Feb 1, 2025
Company name
Symbol
Debt-to-assets ratio
The Gap, Inc.
GAP
0.13
Abercrombie & Fitch Company
ANF
0.07
American Eagle Outfitters Inc
AEO
0.00
Buckle Inc
BKE
0.00
Nordstrom Inc
JWN
0.31
Ross Stores Inc
ROST
0.15
The TJX Companies Inc
TJX
0.10
Urban Outfitters Inc
URBN
0.00