Movado Group Inc (MOV)
Debt-to-assets ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 21,230 | 51,910 |
| Total assets | US$ in thousands | 769,082 | 787,705 | 761,160 | 719,257 | 847,308 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $769,082K
= 0.00
The debt-to-assets ratio of Movado Group Inc has exhibited a declining trend over the past five years. The ratio was 0.06 in January 2020 and has since decreased to 0.00 as of January 2024. This downward trend indicates that the company has been reducing its reliance on debt financing in relation to its total assets. As of the latest reported period, the company appears to have no debt relative to its total assets, suggesting a strong financial position in terms of solvency and financial risk. It is important to note that a lower debt-to-assets ratio generally indicates lower financial risk and greater financial stability for a company.