GameStop Corp (GME)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,700 | 20,000 | 23,600 | 26,300 | 28,700 | 28,800 | 32,100 | 35,700 | 40,500 | 44,800 | 47,500 | 0 | 216,000 | 216,000 | 215,900 | 0 | 419,800 | 419,400 | 419,100 | 468,900 |
| Total assets | US$ in thousands | 2,709,000 | 3,146,900 | 2,803,700 | 3,070,200 | 3,113,400 | 3,322,500 | 2,799,500 | 3,125,500 | 3,499,300 | 3,762,000 | 3,545,800 | 2,562,700 | 2,472,600 | 2,601,400 | 2,375,200 | 2,469,000 | 2,819,700 | 3,145,600 | 2,987,900 | 3,633,300 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.09 | 0.08 | 0.09 | 0.00 | 0.15 | 0.13 | 0.14 | 0.13 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,700K ÷ $2,709,000K
= 0.01
The debt-to-assets ratio for GameStop Corp has consistently remained low at 0.01 for the majority of the recent quarters, indicating that the company has maintained a conservative level of debt relative to its total assets. This suggests that GameStop's creditors have minimal claims against the company's assets and that the firm's operations are primarily funded by equity rather than debt. However, there was a notable increase in the ratio from the end of January 2021 to the end of January 2021 when it spiked to 0.09 and further to 0.15 by the end of February 2020, signaling a significant rise in debt relative to assets during these periods. It is essential for investors and stakeholders to monitor the trend of this ratio to assess GameStop's leverage and financial risk position over time.