Science Applications International Corporation Common Stock (SAIC)

Debt-to-assets ratio

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	2,022,000	2,343,000	2,370,000	2,447,000	1,851,000
Total assets	US$ in thousands	5,314,000	5,543,000	5,746,000	5,723,000	4,711,000
Debt-to-assets ratio		0.38	0.42	0.41	0.43	0.39

February 2, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,022,000K ÷ $5,314,000K
= 0.38

The debt-to-assets ratio of Science Applications International Corporation Common Stock has shown a fluctuating trend over the past five years. As of February 2, 2024, the ratio stands at 0.38, indicating that the company has financed approximately 38% of its assets through debt, while the remaining 62% is funded by equity. This represents a decrease from the previous year's ratio of 0.42, suggesting a reduction in the company's reliance on debt for asset financing.

Comparing the current ratio to the ratios of the previous years, we observe variations but an overall relatively stable range between 0.39 to 0.43. This indicates that the company has maintained a moderate level of debt relative to its assets over the years, with fluctuations possibly driven by changes in the company's capital structure or debt management strategies.

A decreasing trend in the debt-to-assets ratio can be viewed positively by investors and creditors, as it signifies a lower financial risk and potentially improved financial health for the company. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Science Applications International Corporation's financial position and performance.