Movado Group Inc (MOV)
Debt-to-assets ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 10,000 | 21,230 | 37,266 | 48,341 | 82,510 | 51,910 | 50,685 | 50,300 | 49,060 |
| Total assets | US$ in thousands | 769,082 | 763,397 | 749,697 | 741,496 | 787,705 | 775,680 | 766,136 | 739,984 | 761,160 | 741,017 | 710,898 | 694,706 | 719,257 | 701,778 | 679,689 | 697,913 | 847,308 | 867,055 | 840,631 | 828,661 |
| 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 | 0.01 | 0.03 | 0.05 | 0.07 | 0.12 | 0.06 | 0.06 | 0.06 | 0.06 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $769,082K
= 0.00
Movado Group Inc has maintained a consistently low debt-to-assets ratio over the past few years. The ratio was 0.00 in all periods from October 2021 to January 2023, indicating that the company had no debt relative to its total assets during that time. However, starting in April 2021, the debt-to-assets ratio began to increase steadily, reaching 0.06 by October 2021.
From January 2023 to July 2023, the ratio continued to rise to 0.12, indicating a higher level of debt relative to assets. This peak was followed by a decrease in the ratio in subsequent periods, with the ratio hovering around 0.06 from October 2023 to January 2024.
Overall, the increasing trend in the debt-to-assets ratio from April 2021 to July 2023 suggests that Movado Group Inc has taken on more debt compared to its asset base during that period. However, the ratio remaining relatively stable around 0.06 in recent periods indicates that the company may have managed to stabilize its debt levels relative to its total assets.