Lowe's Companies Inc (LOW)

Debt-to-assets ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022	Jan 31, 2022
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	43,102,000	44,743,000	44,934,000	45,365,000	41,795,000	43,356,000	42,519,000	42,519,000	44,521,000	44,521,000	45,917,000	43,708,000	43,708,000	46,973,000	46,973,000	46,725,000	46,725,000	49,725,000	49,725,000	44,640,000
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

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $43,102,000K
= 0.00

The debt-to-assets ratio for Lowe's Companies Inc has consistently remained at 0.00 from January 31, 2022, to January 31, 2025. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has a conservative debt management strategy and relies primarily on equity to fund its operations and investments. This can be viewed positively by investors and creditors as it signifies a lower financial risk and a strong financial position for Lowe's Companies Inc.