Lululemon Athletica Inc. (LULU)

Debt-to-equity ratio

		Jan 31, 2025	Jan 31, 2024	Jan 28, 2024	Jan 31, 2023	Jan 29, 2023
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	4,803,230	4,232,080	4,232,080	3,148,800	3,148,800
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

January 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,803,230K
= 0.00

Based on the data provided, Lululemon Athletica Inc. has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, including as of January 31, 2025. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This low or zero debt level is generally viewed positively as it signifies a lower financial risk and a strong financial position for the company. It suggests that Lululemon has been financing its operations mainly through equity rather than debt financing, which can be advantageous in terms of financial stability and flexibility. However, it's important to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of the company's overall financial health.