Ross Stores Inc (ROST)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	4,871,330	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	2,817,390	3,359,250	3,276,780	3,296,260	3,267,530
Debt-to-capital ratio		0.31	0.33	0.36	0.36	0.36	0.37	0.37	0.38	0.38	0.38	0.39	0.40	0.43	0.45	0.44	0.45	0.09	0.09	0.09	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

The debt-to-capital ratio of Ross Stores Inc has shown a fluctuating trend over the past few quarters. The ratio ranged from 0.31 to 0.45 during recent quarters, indicating the proportion of the company's debt relative to its total capital structure.

The ratio has generally been increasing over time, which suggests that Ross Stores Inc has been taking on more debt compared to its total capital. This could indicate a higher level of financial leverage and potential risk, as the company is relying more on borrowed funds to finance its operations.

It is important to monitor this trend closely as a consistently increasing debt-to-capital ratio may indicate potential challenges in debt management or liquidity risk for the company. On the other hand, a decreasing trend could signal improved financial health and reduced reliance on debt for future growth and sustainability.