Lowe's Companies Inc (LOW)

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

Based on the data provided, the debt-to-equity ratio for Lowe's Companies Inc has consistently been reported as 0.00 for the periods listed. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt in relation to its equity.

This low or zero debt-to-equity ratio suggests that Lowe's has been primarily financing its operations and growth through equity rather than debt. A low debt-to-equity ratio can be seen as a positive indicator of financial health and stability, as it signifies that the company has a lower level of financial risk and may be in a better position to weather economic downturns or other financial challenges.

However, it's important to note that a debt-to-equity ratio of 0.00 may also indicate that the company is not taking advantage of the potential benefits of leveraging debt, such as tax advantages or achieving higher returns on investment. Overall, while a low debt-to-equity ratio can be a positive sign, it is just one aspect of Lowe's overall financial position that should be considered alongside other financial metrics and factors.