Ross Stores Inc (ROST)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,777,110	5,263,360	5,130,530	4,947,950	4,871,330	4,582,960	4,582,960	4,454,740	4,310,400	4,288,580	4,147,000	4,126,950	4,053,900	4,060,050	3,983,220	3,903,990	3,652,820	3,290,640	3,019,040	2,867,200
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.33	0.36	0.36	0.36	0.37	0.37	0.00	0.38	0.38	0.00	0.00	0.43	0.00	0.00

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,777,110K)
= 0.00

The debt-to-capital ratio of Ross Stores Inc has shown some fluctuations over the given period from August 1, 2020, to January 31, 2025. The ratio provides an indication of the company's financial leverage by comparing its total debt to its total capital.

On January 30, 2021, the debt-to-capital ratio was 0.43, indicating that 43% of the company's capital was funded by debt. This was a significant increase compared to the previous periods where the ratio was at 0.00.

The ratio decreased to 0.38 by April 30, 2022, and remained relatively stable around this level until October 28, 2023, where it decreased to 0.33. A lower ratio suggests a higher proportion of capital funded by equity rather than debt.

From October 31, 2023, to January 31, 2025, the debt-to-capital ratio remained at 0.00, indicating that Ross Stores Inc had no debt relative to its capital during these periods.

Overall, the fluctuations in the debt-to-capital ratio indicate changes in the company's capital structure and its reliance on debt financing. A lower ratio generally suggests a healthier financial position, as it indicates less financial risk associated with debt obligations.