Lowe's Companies Inc (LOW)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 43,102,000 | 41,795,000 | 41,795,000 | 43,708,000 | 43,708,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $43,102,000K
= 0.00
Lowe's Companies Inc has consistently maintained a debt-to-assets ratio of 0.00 for the periods ending January 31, 2023, February 3, 2023, January 31, 2024, February 2, 2024, and January 31, 2025. This implies that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 indicates that Lowe's has not utilized debt to finance its operations or investments, relying instead on equity financing. This low ratio suggests a conservative financial strategy with minimal financial risk associated with debt obligations and favorable financial health in terms of solvency and stability.
Peer comparison
Jan 31, 2025