Movado Group Inc (MOV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	516,798	500,439	500,784	491,971	507,606	478,021	470,836	459,650	472,808	454,349	434,567	426,777	425,264	389,345	373,671	369,799	526,537	520,681	500,304	489,641
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	0.02	0.05	0.09	0.11	0.18	0.09	0.09	0.09	0.09

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $516,798K)
= 0.00

The debt-to-capital ratio of Movado Group Inc has remained consistently low in recent quarters, indicating a strong financial position with minimal reliance on debt financing. The ratio has been reported at 0.00 for several consecutive periods, highlighting the company's ability to fund its operations primarily through equity. However, there was a slight increase in the debt-to-capital ratio in the most recent quarter, rising from 0.09 to 0.11, which suggests a slightly higher proportion of debt in the capital structure compared to the previous period. Despite the uptick, the overall trend remains relatively stable, and the company's debt levels appear manageable in relation to its total capital. It is worth monitoring future developments to assess if this increase is a temporary fluctuation or the beginning of a significant shift in the company's debt management strategy.