Ross Stores Inc (ROST)

Debt-to-assets ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Long-term debt	US$ in thousands	—	2,211,020	—	—	2,456,510
Total assets	US$ in thousands	14,905,300	14,300,100	14,300,100	13,416,500	13,416,500
Debt-to-assets ratio		0.00	0.15	0.00	0.00	0.18

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,905,300K
= 0.00

The debt-to-assets ratio of Ross Stores Inc has shown some fluctuation over the past few years. As of January 28, 2023, the ratio stood at 0.18, indicating that the company had a moderate level of debt relative to its total assets. However, this ratio dropped to 0.00 by January 31, 2023, and has remained at that level through January 31, 2024, suggesting that the company has significantly reduced its debt levels or potentially paid off all its debt during this period.

There was a slight increase in the debt-to-assets ratio to 0.15 by February 3, 2024, implying that the company may have taken on some debt again or experienced changes in its asset base. However, by January 31, 2025, the ratio once again dropped to 0.00, signifying either continued debt reduction or a stable debt-to-assets structure.

Overall, the trend in Ross Stores Inc's debt-to-assets ratio demonstrates a prudent financial management strategy, with the company maintaining low levels of debt relative to its assets, which can be seen as a positive indicator of financial health and stability.