GameStop Corp (GME)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,338,600 | 1,262,800 | 1,267,200 | 1,271,600 | 1,322,300 | 1,245,000 | 1,343,500 | 1,450,700 | 1,602,500 | 1,754,900 | 1,852,000 | 879,500 | 436,700 | 332,200 | 352,300 | 435,000 | 611,500 | 617,100 | 809,700 | 1,291,700 |
| Debt-to-capital ratio | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.00 | 0.33 | 0.39 | 0.38 | 0.00 | 0.41 | 0.40 | 0.34 | 0.27 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $17,700K ÷ ($17,700K + $1,338,600K)
= 0.01
The debt-to-capital ratio of GameStop Corp has shown fluctuations over the past few years, indicating changes in its capital structure and leverage levels. From August 2019 to November 2020, the ratio remained relatively low, ranging from 0.27 to 0.41, suggesting a conservative debt usage and a higher proportion of capital relative to debt in financing the company's operations.
However, there was a significant spike in the debt-to-capital ratio in January 2021, reaching 0.33, and further increasing to 0.39 and 0.38 in October and August 2021, respectively. This sudden rise could indicate a shift towards a more aggressive debt strategy or a decrease in the company's capital base during this period.
The ratio then dropped to 0.00 in May 2021, before steadily climbing back to 0.03 in July 2021. Subsequently, there was a notable decrease to 0.02 from October 2021 to February 2024, signaling a reduction in debt relative to capital and potentially a focus on deleveraging or improving the company's financial stability.
Overall, GameStop Corp's debt-to-capital ratio has displayed varying trends, suggesting changes in the company's financing decisions and capital structure management over the analyzed period. Further analysis and context would be needed to fully understand the implications of these fluctuations on the company's financial health and performance.