Science Applications International Corporation Common Stock (SAIC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,785,000	1,694,000	1,619,000	1,542,000	1,417,000
Debt-to-capital ratio		0.53	0.58	0.59	0.61	0.57

February 2, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,022,000K ÷ ($2,022,000K + $1,785,000K)
= 0.53

The debt-to-capital 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 0.53, indicating that the company's debt accounts for 53% of its total capital structure.

Comparing this to the previous four years, we can observe that the ratio has seen some variability. In February 3, 2023, the ratio was slightly higher at 0.58, while in January 28, 2022, it increased further to 0.59. However, in January 29, 2021, the ratio peaked at 0.61 before slightly decreasing to 0.57 by January 31, 2020.

The downward trend over the last two years suggests that Science Applications International Corporation has been gradually reducing its reliance on debt financing relative to its total capital base. This may indicate a more balanced capital structure and potentially lower financial risk, as a lower debt-to-capital ratio implies less financial leverage.

Overall, although the fluctuations in the debt-to-capital ratio indicate some variability in the company's capital structure management, the recent decrease to 0.53 in 2024 may signal a positive shift towards a more conservative debt strategy. Investors and stakeholders may find this trend favorable, as it could lead to improved financial stability and resilience for Science Applications International Corporation.