Lowe's Companies Inc (LOW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | 115.06 | 32.52 | 12.49 | 11.88 | 26.71 | 20.02 | 16.18 | 15.41 | 13.36 | 9.47 |
Lowe's Companies Inc has consistently maintained a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 over the past few years, indicating that the company has not used debt financing to fund its operations extensively.
The financial leverage ratio, on the other hand, has shown some fluctuations over the years, with the highest value of 115.06 observed in the most recent period of Feb 2, 2024. This ratio measures the extent to which the company relies on debt to finance its operations, with a higher value indicating higher financial risk associated with debt.
Overall, Lowe's Companies Inc's solvency ratios reflect a conservative approach towards debt utilization, which could indicate a lower financial risk profile and a potentially stronger financial position in terms of solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.85 | 6.61 | 8.32 | 8.78 | 9.85 | 12.66 | 13.32 | 13.68 | 13.56 | 12.81 | 12.42 | 11.04 | 10.71 | 10.54 | 9.09 | 8.81 | 7.04 | 6.49 | 6.51 | 6.82 |
Interest coverage ratio is an important financial metric that indicates a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio signifies that a company is more capable of servicing its debt through its operating income.
The interest coverage ratio of Lowe's Companies Inc has been relatively stable over the past several quarters, ranging from a low of 6.49 to a high of 13.68. This suggests that the company has consistently generated sufficient income to cover its interest expenses.
In the most recent period, as of Feb 2, 2024, Lowe's interest coverage ratio stood at 6.85, indicating that the company's operating income was 6.85 times its interest expenses for that period. This suggests a healthy ability to cover its interest costs.
Overall, the trend in Lowe's interest coverage ratio demonstrates a consistent ability to meet its interest obligations over the analyzed periods, reflecting a stable financial position in terms of debt servicing capacity.