GameStop Corp (GME)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 17,700 | — | — | 20,000 | — | 23,600 | — | 26,300 | — | 28,700 | — | 28,800 | — | 32,100 | — | — |
| Total assets | US$ in thousands | 5,875,400 | 6,240,200 | 5,536,300 | 2,587,100 | 2,709,000 | 2,837,400 | 3,146,900 | 3,146,900 | 2,803,700 | 2,803,700 | 3,070,200 | 3,070,200 | 3,113,400 | 3,113,400 | 3,322,500 | 3,322,500 | 2,799,500 | 2,799,500 | 3,125,500 | 3,499,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,875,400K
= 0.00
The debt-to-assets ratio for GameStop Corp has been consistently low over the reported periods, staying at or around 0.00 to 0.01. This indicates that the company relies less on debt financing to fund its assets and operations, which can be viewed positively as it suggests a lower financial risk. A low debt-to-assets ratio typically signifies financial stability and strength, as the company has a lower level of debt relative to its total assets. GameStop's ability to maintain a low debt-to-assets ratio may indicate efficient financial management and a conservative approach to leverage. It suggests that the company may have a strong balance sheet and solid financial health, reducing concerns about potential solvency issues or financial distress related to high debt levels.