Lululemon Athletica Inc. (LULU)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	4,232,080	3,525,850	3,533,480	3,320,080	3,148,800	3,039,200	2,857,800	2,668,050	2,740,050	2,658,460	2,671,170	2,639,860	2,558,570	2,162,950	2,001,100	1,835,790	1,952,220	1,648,740	1,507,380	1,366,720
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,232,080K)
= 0.00

The debt-to-capital ratio for Lululemon Athletica Inc. has consistently been reported as 0.00 over multiple periods, indicating that the company has not used debt as a source of capital in its capital structure. This implies that the company relies more on equity financing as opposed to debt financing. A debt-to-capital ratio of 0.00 reflects a lower financial risk and indicates a strong financial position with no debt obligations contributing to the capital structure. This conservative approach to capital structure management suggests that Lululemon Athletica Inc. may prefer to fund its operations and growth using internally generated funds or equity financing rather than taking on debt.