Ross Stores Inc (ROST)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,509,200	4,871,330	4,871,330	4,288,580	4,288,580
Debt-to-capital ratio		0.00	0.31	0.00	0.00	0.36

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,509,200K)
= 0.00

The debt-to-capital ratio of Ross Stores Inc has shown fluctuations over the past few years based on the provided data. As of January 28, 2023, the ratio stood at 0.36, indicating that 36% of the company's capital was sourced from debt. However, by January 31, 2023, and January 31, 2024, the ratio decreased to 0.00, suggesting that the company had either reduced its debt levels or increased its capital base significantly.

Subsequently, as of February 3, 2024, the debt-to-capital ratio rose to 0.31, signifying that debt constituted 31% of the company's capital structure. Finally, as of January 31, 2025, the ratio once again dropped to 0.00, implying a scenario similar to the earlier years.

Overall, Ross Stores Inc's debt-to-capital ratio has displayed variability, with periods of both debt reliance and debt reduction. It is important to monitor this ratio in conjunction with other financial metrics to assess the company's financial health and risk profile accurately.