Kohls Corp (KSS)
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 | 1,638,000 | 1,638,000 | 1,637,000 | 1,637,000 | 1,637,000 | 1,747,000 | 1,747,000 | 1,746,000 | 1,910,000 | 1,909,000 | 1,909,000 | 1,909,000 | 2,451,000 | 2,450,000 | 3,450,000 | 3,449,000 | 1,856,000 | 1,856,000 | 1,855,000 | 1,855,000 |
| Total assets | US$ in thousands | 14,009,000 | 15,467,000 | 14,794,000 | 14,710,000 | 14,345,000 | 16,234,000 | 15,623,000 | 15,253,000 | 15,054,000 | 15,951,000 | 15,506,000 | 14,689,000 | 15,337,000 | 15,444,000 | 15,235,000 | 15,869,000 | 14,555,000 | 15,739,000 | 14,542,000 | 14,466,000 |
| Debt-to-assets ratio | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.12 | 0.12 | 0.13 | 0.16 | 0.16 | 0.23 | 0.22 | 0.13 | 0.12 | 0.13 | 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 of Kohls Corp has shown relative stability over the past few years, ranging between 0.11 and 0.16. This ratio indicates that, on average, the company finances approximately 11% to 16% of its assets through debt.
Notably, there was a slight increase in the debt-to-assets ratio from 2020 to 2021, reaching 0.16 in January 2021 before moderating somewhat in subsequent periods. The ratio then fluctuated between 0.11 and 0.13 through 2023, suggesting that Kohls has been maintaining a conservative approach to leverage, with a significant portion of their assets funded by equity.
It is essential to monitor this ratio in future periods to assess if there are any significant shifts in the company's debt management strategy or overall financial health. Overall, the consistent low to moderate debt-to-assets ratio indicates a relatively sound financial structure for Kohls Corp.
Peer comparison
Feb 3, 2024