Lowe's Companies Inc (LOW)
Debt-to-assets ratio
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 41,795,000 | 42,519,000 | 44,521,000 | 43,708,000 | 46,973,000 | 46,725,000 | 49,725,000 | 44,640,000 | 49,400,000 | 49,404,000 | 51,200,000 | 46,735,000 | 50,880,000 | 51,763,000 | 45,832,000 | 39,471,000 | 39,764,000 | 40,695,000 | 43,219,000 | 34,508,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Lowe's Companies Inc has consistently been reported as 0.00 across multiple periods. This indicates that the company has not had any reported debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that Lowe's has been financing its operations primarily through equity rather than debt. This may signify a strong financial position and liquidity, as the company has not relied on borrowing to fund its operations or expansion. Investors and stakeholders may view a low or zero debt-to-assets ratio favorably as it implies lower financial risk and potential for better financial stability.
Peer comparison
Feb 2, 2024