Lowe's Companies Inc (LOW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-15,050,000	-15,147,000	-14,732,000	-14,254,000	-12,868,000	-8,442,000	-6,877,000	-4,816,000	-1,576,000	-175,000	445,000	1,437,000	4,073,000	4,356,000	1,716,000	1,972,000	2,458,000	2,640,000	3,236,000	3,644,000
Debt-to-capital ratio		—	—	—	—	—	—	—	—	—	—	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-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 has consistently been reported as 0.00 for the past 10 quarters, suggesting that the company has not had any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt financing in its capital structure and is primarily funded through equity. This could indicate a conservative financial approach or a strong financial position that does not require significant debt leverage for operations or growth. It also implies lower financial risk and could be viewed positively by investors and creditors, as it indicates a lower level of financial leverage and potential vulnerability to economic downturns.