Ross Stores Inc (ROST)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.00 | 0.18 | 0.18 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 |
| 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 |
| 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 |
| Financial leverage ratio | 2.58 | 2.83 | 2.86 | 2.93 | 2.94 | 3.11 | 3.11 | 3.14 | 3.16 | 3.13 | 3.16 | 3.19 | 3.26 | 3.36 | 3.49 | 3.49 | 3.67 | 3.86 | 4.16 | 3.95 |
The debt-to-assets ratio for Ross Stores Inc has shown fluctuations over the reporting period. It was at 0.00 at the beginning and end of the period, but increased to 0.19 in January 2021 before returning to lower levels.
The debt-to-capital ratio started at 0.00 and then increased to 0.43 in January 2021, indicating higher leverage, but subsequently decreased and remained relatively stable around 0.36 to 0.33 towards the end of the reporting period.
In terms of the debt-to-equity ratio, it started at 0.00 and increased to 0.74 in January 2021, indicating that the company had higher debt relative to equity at that time. However, the ratio decreased gradually over the period, reaching lower levels around 0.48 to 0.00 by the end of the period.
The financial leverage ratio was initially high at 3.95 in August 2020, but decreased over time to 2.58 by January 2025. This indicates a decreasing trend in financial leverage and suggests that the company may have been reducing its reliance on debt financing over the reporting period.
Overall, Ross Stores Inc has shown varying levels of solvency ratios over the reporting period, with some fluctuations in debt ratios and a decreasing trend in the financial leverage ratio, indicating potential improvements in the company's financial health and risk levels.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 55.88 | 50.86 | 36.26 | 34.93 | 34.56 | 30.59 | 30.42 | 27.63 | 25.98 | 26.05 | 25.41 | 26.77 | 29.34 | 31.05 | 29.35 | 21.87 | 13.36 | 2.17 | 5.32 | 15.59 |
Ross Stores Inc's interest coverage ratio has shown fluctuations over the periods provided.
As of January 31, 2025, the interest coverage ratio stands at 55.88, indicating that the company's ability to cover its interest expenses with its earnings has improved significantly. This suggests that Ross Stores Inc is generating ample earnings to comfortably meet its interest obligations.
The trend in the interest coverage ratio from August 1, 2020 (15.59) to January 31, 2025 (55.88) shows a general improvement in the company's financial health and ability to service its debt. The ratio has generally been on an upward trajectory, with occasional fluctuations, indicating that Ross Stores Inc's profitability and operational efficiency have been steadily improving over time.
Overall, a high interest coverage ratio is a positive indicator of financial stability and performance, demonstrating Ross Stores Inc's capacity to manage its debt burden effectively and indicating a lower risk of default.