Ross Stores Inc (ROST)

Solvency ratios

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
Debt-to-assets ratio 0.15 0.15 0.18 0.18 0.18 0.19 0.19 0.19 0.18 0.18 0.18 0.18 0.19 0.20 0.20 0.21 0.03 0.03 0.03 0.03
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
Debt-to-equity ratio 0.45 0.48 0.55 0.57 0.57 0.59 0.59 0.61 0.60 0.62 0.63 0.67 0.74 0.83 0.80 0.81 0.09 0.10 0.09 0.10
Financial leverage ratio 2.94 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 3.81 2.78 2.87 2.78 2.77

Ross Stores Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable over the past quarters, indicating that only a small portion of the company's assets are financed by debt.

The debt-to-capital and debt-to-equity ratios have shown a slight increasing trend, suggesting that the company has been relying more on debt to finance its operations. This could potentially increase financial risk if the company faces difficulties in making debt repayments.

The financial leverage ratio has also been increasing, indicating that the company's debt levels have been rising faster than equity. This could imply a higher level of financial risk and decreased financial flexibility. Overall, Ross Stores Inc's solvency ratios show a mixed trend, with some indicators suggesting increasing reliance on debt financing, which could be a cause for concern in terms of long-term financial stability.


Coverage ratios

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
Interest coverage 34.36 30.42 27.63 25.98 25.68 25.04 26.36 28.89 31.06 29.36 21.79 13.32 2.21 5.43 15.97 69.29 223.96 192.60 161.97 139.70

Ross Stores Inc's interest coverage ratio has demonstrated a strong ability to cover its interest expenses over the years, as indicated by consistently high values. The interest coverage ratio for the most recent period, Feb 3, 2024, stands at 34.36, reflecting the company's ability to meet its interest obligations more than 34 times over. This suggests that the company generates ample earnings to cover its interest charges, indicating financial stability.

The trend of the interest coverage ratio over the provided periods shows that Ross Stores Inc has maintained a high level of interest coverage consistently. This stability in the interest coverage ratio indicates that the company has been effectively managing its debt and interest payments. Furthermore, the ratios have been consistently above 20, indicating a healthy financial position.

It is notable that the interest coverage ratio experienced a significant dip in Jan 30, 2021, dropping to 2.21, suggesting a temporary decrease in the company's ability to cover its interest expenses. However, the company quickly recovered from this low point, as evidenced by the subsequent ratios reaching much higher levels.

Overall, the consistently high interest coverage ratios reflect Ross Stores Inc's strong financial health and its ability to comfortably meet its interest payment obligations.


See also:

Ross Stores Inc Solvency Ratios (Quarterly Data)