GameStop Corp (GME)
Debt-to-equity 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-equity ratio | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.00 | 0.49 | 0.65 | 0.61 | 0.00 | 0.69 | 0.68 | 0.52 | 0.36 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $17,700K ÷ $1,338,600K
= 0.01
The debt-to-equity ratio of GameStop Corp has shown fluctuations over the past few quarters. Historically, the company has maintained a relatively low debt-to-equity ratio, indicating a conservative approach to financing operations through debt. However, there was a significant spike in the ratio in January 2021, where it reached 0.49, suggesting a temporary increase in debt levels relative to equity.
Subsequently, the ratio dropped significantly in the following quarter to 0.00, potentially indicating a reduction in debt levels or an increase in equity. The ratio remained low through the third quarter of 2022 before gradually increasing again to 0.03 by January 2022. This suggests that the company may have taken on slightly more debt relative to equity during this period.
In the most recent quarter, the debt-to-equity ratio stands at 0.01, indicating a return to a lower level of leverage compared to the previous quarter. Overall, GameStop Corp's debt-to-equity ratio portrays a conservative capital structure with fluctuations that may reflect changes in the company's financing strategies or investment decisions.