Ross Stores Inc (ROST)

Debt-to-assets ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Long-term debt	US$ in thousands	2,211,020	2,210,070	2,458,620	2,457,560	2,456,510	2,455,460	2,454,410	2,453,370	2,452,320	2,451,280	2,450,240	2,449,210	2,448,180	2,512,040	2,286,300	2,285,610	312,891	312,778	312,665	312,552
Total assets	US$ in thousands	14,300,100	14,270,600	13,987,300	13,618,900	13,416,500	13,100,100	13,179,900	13,233,700	13,640,300	13,915,700	13,641,400	13,395,900	12,717,900	12,570,700	11,322,200	10,728,000	9,348,370	9,415,840	9,151,950	9,049,120
Debt-to-assets ratio		0.15	0.15	0.18	0.18	0.18	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.19	0.20	0.20	0.21	0.03	0.03	0.03	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 of Ross Stores Inc has shown relative stability over the past few quarters, ranging from 0.15 to 0.21. This ratio indicates the proportion of the company's assets that are financed by debt, with a lower ratio suggesting lower financial risk as the company relies less on debt to fund its operations.

In general, Ross Stores Inc has maintained a conservative approach to debt financing, with the ratio consistently below 0.2 in recent quarters. This signifies that a significant portion of the company's assets are funded through equity, which can provide a cushion against financial distress in times of economic uncertainty or market downturns.

Overall, the trend of the debt-to-assets ratio for Ross Stores Inc suggests a prudent capital structure management strategy, aligning with the company's commitment to maintaining a solid financial position and sustainable operations.