Lululemon Athletica Inc. (LULU)
Debt-to-assets ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 7,091,940 | 6,022,260 | 5,992,460 | 5,571,540 | 5,607,040 | 5,309,440 | 4,920,710 | 4,697,210 | 4,942,480 | 4,572,010 | 4,405,100 | 4,329,830 | 4,185,220 | 3,627,920 | 3,494,030 | 3,201,790 | 3,281,350 | 2,855,140 | 2,694,740 | 2,463,020 |
| 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 |
January 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,091,940K
= 0.00
The debt-to-assets ratio of Lululemon Athletica Inc. has consistently been 0.00 for the past 20 quarters. This indicates that the company has not had any debt on its balance sheet relative to its total assets during this period. A debt-to-assets ratio of 0.00 is generally viewed positively by investors and creditors as it suggests that the company is not relying heavily on debt to finance its operations or expansion. Lululemon's consistent zero debt-to-assets ratio demonstrates a strong financial position with minimal financial risk associated with debt.
Peer comparison
Jan 28, 2024
Company name
Symbol
Debt-to-assets ratio
Lululemon Athletica Inc.
LULU
0.00
Carter’s Inc
CRI
0.21
Columbia Sportswear Company
COLM
0.00
G-III Apparel Group Ltd
GIII
0.15
Under Armour Inc A
UAA
0.12
Under Armour Inc C
UA
0.12