Ross Stores Inc (ROST)
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 | 2,211,020 | 2,456,510 | 2,452,320 | 2,448,180 | 312,891 |
Total assets | US$ in thousands | 14,300,100 | 13,416,500 | 13,640,300 | 12,717,900 | 9,348,370 |
Debt-to-assets ratio | 0.15 | 0.18 | 0.18 | 0.19 | 0.03 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,211,020K ÷ $14,300,100K
= 0.15
The debt-to-assets ratio for Ross Stores Inc has exhibited fluctuations over the past five years. As of February 3, 2024, the ratio stands at 0.15, which indicates that 15% of the company's assets are financed through debt. This shows a decrease from the prior year, where the ratio was 0.18. In comparison to the ratios from the two preceding years, the current ratio represents a downward trend in the company's reliance on debt for financing its assets. Notably, the ratio was significantly lower in February 2020 at 0.03, implying a conservative debt structure at that time. Overall, the decreasing trend in the debt-to-assets ratio suggests that Ross Stores Inc has been effectively managing its debt levels and maintaining a healthier balance between debt and assets in recent years.
Peer comparison
Feb 3, 2024