Ross Stores Inc (ROST)

Debt-to-equity 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-equity ratio		0.00	0.45	0.00	0.00	0.57

January 31, 2025 calculation

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

The debt-to-equity ratio of Ross Stores Inc has fluctuated over the past few years. As of January 28, 2023, the ratio stood at 0.57, indicating that the company had more debt relative to its equity at that time. However, by January 31, 2023, and January 31, 2024, the ratio dropped to 0.00, suggesting that Ross Stores had no debt on its balance sheet during those periods.

Subsequently, by February 3, 2024, the ratio increased to 0.45, indicating a moderate level of debt compared to equity. Finally, as of January 31, 2025, the ratio returned to 0.00, implying again that Ross Stores had no debt at that point in time.

Overall, the debt-to-equity ratio of Ross Stores Inc has shown variability, with periods of no debt followed by instances of having debt on the balance sheet. Investors and analysts may find it important to monitor these changes in the ratio to assess the company's leverage and financial risk.