Lululemon Athletica Inc. (LULU)

Financial leverage ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Total assets	US$ in thousands	7,603,290	7,083,670	6,744,140	6,828,500	7,091,940	7,091,940	6,022,260	6,022,260	5,992,460	5,992,460	5,571,540	5,607,040	5,607,040	5,309,440	5,309,440	4,920,710	4,697,210	4,697,210	4,942,480	4,942,480
Total stockholders’ equity	US$ in thousands	4,364,840	4,348,420	4,031,640	4,219,810	4,232,080	4,232,080	3,525,850	3,525,850	3,533,480	3,533,480	3,320,080	3,148,800	3,148,800	3,039,200	3,039,200	2,857,800	2,668,050	2,668,050	2,740,050	2,740,050
Financial leverage ratio		1.74	1.63	1.67	1.62	1.68	1.68	1.71	1.71	1.70	1.70	1.68	1.78	1.78	1.75	1.75	1.72	1.76	1.76	1.80	1.80

January 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,603,290K ÷ $4,364,840K
= 1.74

The financial leverage ratio of Lululemon Athletica Inc. has shown a fluctuating trend over the periods listed in the data. The ratio started at 1.80 in January 2022 and remained relatively stable at around 1.80 for the next few quarters. Subsequently, the ratio decreased to 1.68 by April 2023 before increasing again.

Throughout the following periods, the ratio fluctuated within a relatively narrow range between 1.62 and 1.78, indicating some variability in the company's financial leverage. Notably, towards the end of the data period, the financial leverage ratio stood at 1.74 in January 2025.

Overall, the company's financial leverage ratio depicts a somewhat volatile pattern, potentially reflecting changes in the capital structure and debt levels of Lululemon Athletica Inc.