Lululemon Athletica Inc. (LULU)

Debt-to-assets ratio

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	7,091,940	5,607,040	4,942,480	4,185,220	3,281,350
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

January 28, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,091,940K
= 0.00

Based on the historical data provided for Lululemon Athletica Inc.'s debt-to-assets ratio, it is evident that the company has consistently maintained a debt-to-assets ratio of 0.00 over the past five years. This indicates that the company has not taken on any debt relative to its total assets during these periods.

A debt-to-assets ratio of 0.00 signifies that the company's total liabilities have been negligible or non-existent in comparison to its total assets. This suggests a strong financial position, as the absence of debt implies lower financial risk and potentially lower interest expenses. Furthermore, a low or zero debt-to-assets ratio may also indicate that the company has been able to finance its operations and investments primarily through equity or internal funds, reducing its dependency on external financing sources.

Overall, the consistent trend of a 0.00 debt-to-assets ratio for Lululemon Athletica Inc. reflects a prudent approach to financial management and suggests a solid foundation for long-term sustainability and growth.