Ross Stores Inc (ROST)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	4,871,330	4,288,580	4,060,050	3,290,640	3,359,250
Debt-to-capital ratio		0.31	0.36	0.38	0.43	0.09

February 3, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,211,020K ÷ ($2,211,020K + $4,871,330K)
= 0.31

Ross Stores Inc's debt-to-capital ratio has shown a decreasing trend over the past five years, indicating a relatively lower level of debt relative to its total capital structure. The ratio was 0.31 as of February 3, 2024, compared to 0.36 in the previous year and 0.38 two years ago. This improvement suggests that Ross Stores has been effectively managing its debt levels and/or increasing its capital base. Notably, the ratio was significantly lower in February 2020 at 0.09, possibly due to strategic financial decisions or market conditions at that time. Overall, the declining trend in the debt-to-capital ratio reflects a more favorable balance between debt and equity in Ross Stores' capital structure, which may enhance the company's financial stability and ability to invest in growth opportunities.