Ross Stores Inc (ROST)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.48	0.55	0.57	0.57	0.59	0.59	0.00	0.60	0.62	0.00	0.00	0.74	0.00	0.00

January 31, 2025 calculation

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

The debt-to-equity ratio of Ross Stores Inc has shown varying trends over the past few years, as per the provided data. The ratio was consistently at 0.00 from August 1, 2020, to May 1, 2021, indicating that there was no debt on the company's balance sheet relative to its equity during this period.

However, starting from January 30, 2021, the ratio increased to 0.74, indicating a significant shift towards higher debt relative to equity. This level of leverage could raise concerns about the company's financial risk and ability to meet debt obligations.

Subsequently, the ratio fluctuated, with peaks at 0.62 on October 30, 2021, and at 0.60 on January 29, 2022. However, it decreased to 0.48 on October 28, 2023, suggesting a reduced reliance on debt financing compared to equity.

As of the latest available data on January 31, 2025, the debt-to-equity ratio returned to 0.00, implying that the company's debt levels have decreased or have been managed effectively.

Overall, the analysis of Ross Stores Inc's debt-to-equity ratio indicates a mix of debt and equity financing strategies over the period, with fluctuations in leverage levels that may impact the company's financial stability and risk profile.