Movado Group Inc (MOV)
Debt-to-equity 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-equity 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 | 0.10 | 0.13 | 0.22 | 0.10 | 0.10 | 0.10 | 0.10 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $516,798K
= 0.00
Movado Group Inc's debt-to-equity ratio has shown consistency at 0.00 for many consecutive quarters. However, in the quarter ending April 30, 2021, there was a slight increase to 0.02, which further rose to 0.05 by the following quarter. The ratio peaked at 0.22 in the quarter ending April 30, 2020, which represented a significant increase in leverage. Subsequently, the ratio decreased and has since stabilized at around 0.10, indicating a moderate level of debt relative to equity on the company's balance sheet. It is important to monitor this ratio over time to assess Movado Group's debt management and financial risk.