Ross Stores Inc (ROST)

Debt-to-equity 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-equity ratio		0.45	0.57	0.60	0.74	0.09

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,211,020K ÷ $4,871,330K
= 0.45

The debt-to-equity ratio of Ross Stores Inc has shown a decreasing trend over the five-year period from February 1, 2020, to February 3, 2024. The ratio decreased from 0.09 in 2020 to 0.45 in 2024. This downward trend indicates that the company has been reducing its reliance on debt to finance its operations relative to shareholders' equity. A lower debt-to-equity ratio suggests that the company is less leveraged and has a stronger financial position in terms of solvency and stability. This improvement could be reflective of management's efforts to strengthen the balance sheet and manage financial risk effectively. Overall, the decreasing trend in the debt-to-equity ratio for Ross Stores Inc is a positive indicator of the company's financial health and risk management practices.