Oxford Industries Inc (OXM)

Debt-to-capital ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Long-term debt	US$ in thousands	29,304	66,219	48,472	94,306	119,011	130,449	—	—	—	—	—	—	—	34,802	65,000	207,618	—	—	—	33,182
Total stockholders’ equity	US$ in thousands	560,914	627,113	624,629	607,425	556,270	533,039	534,016	513,420	507,664	495,469	473,699	427,901	405,728	418,946	431,550	438,695	528,598	516,816	518,949	493,172
Debt-to-capital ratio		0.05	0.10	0.07	0.13	0.18	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.13	0.32	0.00	0.00	0.00	0.06

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 of Oxford Industries Inc has exhibited fluctuations over the period from May 2019 to February 2024. The ratio represents the proportion of debt relative to the total capital employed in the company.

From May 2019 to January 2020, the company did not have any debt relative to its capital, as indicated by a debt-to-capital ratio of zero. However, in February 2020, the ratio jumped to 0.32, indicating a significant increase in debt compared to capital. This high ratio may suggest increased leverage and potential financial risk.

Subsequently, the ratio decreased to 0.08 in May 2020, signaling a reduction in debt relative to capital. However, the ratio increased to 0.13 in October 2020, before dropping back to zero in January 2021.

From January 2021 to October 2022, the company maintained a debt-to-capital ratio of zero, indicating no debt in relation to capital during this period. However, in October 2022, the ratio increased to 0.20, and further to 0.18 in January 2023, suggesting a re-introduction of debt into the company's capital structure.

The ratio decreased to 0.13 in April 2023, but then rose again to 0.07 in July 2023. In October 2023, the ratio increased to 0.10 before dropping to 0.05 in February 2024.

Overall, the fluctuation in the debt-to-capital ratio of Oxford Industries Inc indicates varying levels of leverage and debt usage over the analyzed period. It is essential for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile.