Oxford Industries Inc (OXM)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	560,914	556,270	507,664	405,728	528,598
Debt-to-capital ratio		0.05	0.18	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $29,304K ÷ ($29,304K + $560,914K)
= 0.05

The debt-to-capital ratio for Oxford Industries Inc has shown a significant improvement over the past five years. In the most recent fiscal year ending February 3, 2024, the ratio stood at 0.05, indicating that only 5% of the company's capital structure is financed through debt. This is a substantial decrease from the previous year where the ratio was 0.18, suggesting that 18% of the capital was debt-funded.

In the two preceding years, the ratio was at 0.00, implying that the company had no debt relative to its capital structure. This shift towards lower debt levels over the years could be seen as a positive sign, as it indicates a lower financial risk and potentially higher financial stability for the company.

Overall, the decreasing trend in the debt-to-capital ratio for Oxford Industries Inc suggests that the company has been successful in managing its debts and maintaining a healthy balance between debt and equity financing.