RH (RH)
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 | 17,766 | 17,909 | 1,129 | 14,614 | 31,053 |
| Total assets | US$ in thousands | 4,143,900 | 5,309,290 | 5,540,470 | 2,898,310 | 2,445,690 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,766K ÷ $4,143,900K
= 0.00
The debt-to-assets ratio for RH has remained consistently low over the past five fiscal years, with a value of 0.00 for the most recent period ending on February 3, 2024. This indicates that RH has minimal debt relative to its total assets, reflecting a strong financial position characterized by a lower reliance on external borrowing. The stability of this ratio suggests that RH has effectively managed its debt levels and maintained a solid balance between debt and assets over the years. Additionally, the slight increase from 0.00 to 0.01 in the debt-to-assets ratio in the two most recent years is marginal and does not raise significant concerns about the company's overall debt management approach. Overall, the consistently low and stable debt-to-assets ratio for RH indicates a favorable financial position and prudent debt management practices.
Peer comparison
Feb 3, 2024