Lowe's Companies Inc (LOW)
Debt-to-equity 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-equity ratio | — | — | — | 0.00 | 0.00 |
February 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-15,050,000K
= —
Based on the data provided, Lowe's Companies Inc did not have a recorded debt-to-equity ratio for the fiscal years ending on February 2, 2024, and February 3, 2023. However, for the fiscal years ending on January 28, 2022, and January 29, 2021, the company had a debt-to-equity ratio of 0.00, indicating that the company had no debt relative to its equity in those years. This suggests that Lowe's relied primarily on equity financing rather than debt financing during those periods. It is important to consider the context and industry standards when assessing the significance of the debt-to-equity ratio in evaluating Lowe's financial leverage and risk.
Peer comparison
Feb 2, 2024