Oxford Industries Inc (OXM)

Debt-to-equity 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-equity ratio		0.05	0.11	0.08	0.16	0.21	0.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.15	0.47	0.00	0.00	0.00	0.07

February 3, 2024 calculation

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

The debt-to-equity ratio of Oxford Industries Inc has varied over the past several periods. In the most recent period of February 3, 2024, the ratio was 0.05, indicating a relatively low level of debt compared to its equity. This suggests that the company may rely more on equity financing rather than debt to fund its operations and growth.

Looking at the historical trend, the company experienced a significant increase in the debt-to-equity ratio from 0.00 in July 30, 2022, to 0.47 in May 2, 2020, indicating a substantial increase in debt relative to equity during that period. However, the ratio decreased in subsequent periods, showing a more conservative approach to debt management.

The data also reveals instances where the company had no debt on its balance sheet, as indicated by the 0.00 ratios in several periods. This suggests that Oxford Industries Inc may have periods where it operates with minimal or no debt, potentially reflecting a focus on financial stability and risk management.

Overall, the debt-to-equity ratio analysis of Oxford Industries Inc indicates a mix of financial strategies in managing its capital structure, with fluctuations in debt levels over time. Further insight into the company's specific financing decisions and business strategies would be needed to fully understand the factors driving these fluctuations.