Lowe's Companies Inc (LOW)
Debt-to-assets ratio
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 41,795,000 | 43,708,000 | 44,640,000 | 46,735,000 | 39,471,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $41,795,000K
= 0.00
The debt-to-assets ratio for Lowe's Companies Inc has consistently been 0.00 over the past five years, indicating that the company has not taken on any long-term debt to finance its operations in relation to its total assets. This suggests that Lowe's has been able to maintain a strong financial position with a low level of debt relative to its assets. This may be viewed positively by investors and creditors as it indicates a lower risk of financial distress and a solid financial foundation. However, it is important to note that a debt-to-assets ratio of 0.00 could also indicate that the company may not be leveraging debt efficiently to potentially benefit from the tax advantages of debt financing or to fund growth opportunities.
Peer comparison
Feb 2, 2024