GameStop Corp (GME)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 17,700 | — | — | 28,700 |
| Total assets | US$ in thousands | 5,875,400 | 2,709,000 | 2,709,000 | 3,113,400 | 3,113,400 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,875,400K
= 0.00
Based on the data provided, GameStop Corp's debt-to-assets ratio has been relatively low and stable over the past few years.
As of January 28, 2023 and February 3, 2024, the ratio stood at 0.01, indicating that only 1% of the company's assets were financed by debt during those periods. Subsequently, as of January 31, 2023, January 31, 2024, and January 31, 2025, the ratio decreased to 0.00, suggesting that GameStop Corp either utilized very minimal debt financing or steadily paid down its debt to the point where it became negligible compared to its total assets.
A consistently low debt-to-assets ratio can be a positive indicator of a company's financial health as it reflects a lower reliance on debt to fund its operations and investments. However, it's important to consider the industry norms and the company's specific operating environment when evaluating the significance of this ratio in assessing GameStop Corp's overall financial stability.