Oxford Industries Inc (OXM)

Debt-to-assets ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Long-term debt	US$ in thousands	29,304	119,011	—	—	—
Total assets	US$ in thousands	1,097,840	1,188,660	957,642	865,634	1,033,370
Debt-to-assets ratio		0.03	0.10	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $29,304K ÷ $1,097,840K
= 0.03

The debt-to-assets ratio for Oxford Industries Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year, as of February 3, 2024, the ratio stands at 0.03, indicating that only 3% of the company's total assets are financed by debt. This suggests a conservative approach to debt management and a strong financial position with a low reliance on borrowed funds.

Comparing this to the previous year, we see a significant decrease in the debt-to-assets ratio from 0.10 to 0.03, reflecting a reduction in the proportion of debt relative to total assets. It is worth noting that in the fiscal years 2021 and 2020, the company reported a debt-to-assets ratio of 0.00, indicating either no debt on the balance sheet or an insignificant amount compared to total assets.

Overall, the declining trend in the debt-to-assets ratio demonstrates a prudent debt management strategy by Oxford Industries Inc, which has effectively minimized its reliance on debt financing over the years. This indicates a solid financial foundation and potentially lower financial risk for the company.