Kohls Corp (KSS)

Debt-to-assets ratio

Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Long-term debt US$ in thousands 1,638,000 1,637,000 1,910,000 2,451,000 1,856,000
Total assets US$ in thousands 14,009,000 14,345,000 15,054,000 15,337,000 14,555,000
Debt-to-assets ratio 0.12 0.11 0.13 0.16 0.13

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,638,000K ÷ $14,009,000K
= 0.12

The debt-to-assets ratio for Kohls Corp has shown some fluctuations over the past five years. In fiscal year 2024, the ratio stood at 0.12, indicating that 12% of the company's assets were financed through debt. This ratio has slightly increased from the previous year, where it was at 0.11.

Comparing to the ratios in fiscal years 2022, 2021, and 2020, we observe a similar trend where the ratio was 0.13, 0.16, and 0.13, respectively. This indicates that the company's reliance on debt for financing its assets has been relatively consistent over this period, except for a slight increase in 2021.

A debt-to-assets ratio of 0.12 suggests that Kohls Corp is utilizing a conservative financial strategy, with a relatively low proportion of its assets being funded by debt. This indicates good financial stability and a lower risk of financial distress due to excessive debt levels. However, the company should continue to monitor and manage its debt levels effectively to ensure sustainable growth and financial health.


Peer comparison

Feb 3, 2024

Company name
Symbol
Debt-to-assets ratio
Kohls Corp
KSS
0.12
Burlington Stores Inc
BURL
0.00
Macy’s Inc
M
0.17