Lowe's Companies Inc (LOW)

Debt-to-capital ratio

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	-15,050,000	-14,254,000	-4,816,000	1,437,000	1,972,000
Debt-to-capital ratio		—	—	—	0.00	0.00

February 2, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-15,050,000K)
= —

The debt-to-capital ratio for Lowe's Companies Inc was not available for the years ending February 2, 2024, and February 3, 2023. In the previous years, as of January 28, 2022, and January 29, 2021, the company had a debt-to-capital ratio of 0.00, indicating that the company had no debt in relation to its total capital in those years. This suggests that Lowe's had a conservative capital structure with a low level of debt relative to its total capital during those periods.