Ross Stores Inc (ROST)

Debt-to-assets ratio

		Jan 31, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 31, 2023	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	2,210,070	2,458,620	2,457,560	2,456,510	2,455,460	2,454,410	—	2,452,320	2,451,280	—	—	2,448,180	—	—
Total assets	US$ in thousands	14,905,300	14,905,200	14,678,000	14,491,800	14,300,100	14,270,600	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
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.18	0.18	0.18	0.19	0.19	0.00	0.18	0.18	0.00	0.00	0.19	0.00	0.00

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 a consistent trend of remaining relatively low over the past few years. As of January 31, 2025, the ratio stands at 0.00, indicating that the company has no debt relative to its total assets at that point in time.

While there were slight fluctuations in the ratio in earlier periods, with some instances showing a ratio of 0.18 or 0.19, the overall pattern suggests that Ross Stores Inc has managed its debt levels effectively, keeping them at minimal levels compared to its asset base.

A low debt-to-assets ratio typically indicates a lower financial risk for the company, as it implies that a significant portion of its assets is financed through equity rather than debt. This can be viewed positively by investors and creditors, as it signifies a strong financial position and stability within the company.

Overall, the consistent low debt-to-assets ratio of Ross Stores Inc reflects a prudent financial management strategy that prioritizes a balanced capital structure and sustainable growth.