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


See also:

Ross Stores Inc Debt to Assets