Dave & Buster’s Entertainment (PLAY)

Debt-to-capital ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 4, 2024	Jan 31, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Long-term debt	US$ in thousands	—	—	—	—	1,284,000	—	—	1,281,300	—	1,278,700	—	—	1,222,700	—	1,222,210	—	431,966	—	—	431,395
Total stockholders’ equity	US$ in thousands	145,800	226,600	284,400	292,500	251,200	251,200	211,600	211,600	314,400	314,400	359,900	410,500	410,500	361,016	361,000	356,379	351,800	351,742	275,460	275,500
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.84	0.00	0.00	0.86	0.00	0.80	0.00	0.00	0.75	0.00	0.77	0.00	0.55	0.00	0.00	0.61

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $145,800K)
= 0.00

Dave & Buster’s Entertainment has been managing its debt-to-capital ratio with fluctuations over the years. As of January 30, 2022, the ratio stood at 0.61, indicating that approximately 61% of the company's capital was financed through debt. This ratio dropped to 0.00 by January 31, 2022, and remained at 0.00 for the subsequent evaluation dates up to April 30, 2023.

However, there was an increase in the debt-to-capital ratio by May 1, 2022, reaching 0.55, and further fluctuations were noted in succeeding evaluation periods. Notably, by July 30, 2023, the ratio rose significantly to 0.80, indicating higher reliance on debt for capital financing.

The ratio peaked at 0.86 on October 29, 2023, signifying a higher proportion of debt in the capital structure, but dropped back to 0.00 by January 31, 2024. There was another notable increase to 0.84 by February 4, 2024, before returning to 0.00 by April 30, 2024, and maintaining this level through the subsequent evaluation dates.

Overall, the debt-to-capital ratio for Dave & Buster’s Entertainment has displayed variability, suggesting changes in the company's capital structure and debt financing strategies over the analyzed period.