Science Applications International Corporation Common Stock (SAIC)

Debt-to-capital ratio

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Long-term debt	US$ in thousands	2,022,000	2,194,000	2,215,000	2,329,000	2,343,000	2,358,000	2,462,000	2,342,000	2,370,000	2,433,000	2,461,000	2,390,000	2,447,000	2,446,000	2,657,000	2,801,000	1,851,000	1,872,000	1,887,000	1,902,000
Total stockholders’ equity	US$ in thousands	1,785,000	1,828,000	1,843,000	1,692,000	1,694,000	1,686,000	1,643,000	1,640,000	1,619,000	1,635,000	1,618,000	1,577,000	1,542,000	1,499,000	1,437,000	1,395,000	1,417,000	1,380,000	1,339,000	1,462,000
Debt-to-capital ratio		0.53	0.55	0.55	0.58	0.58	0.58	0.60	0.59	0.59	0.60	0.60	0.60	0.61	0.62	0.65	0.67	0.57	0.58	0.58	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 some fluctuation over the past several quarters. As of Feb 2, 2024, the ratio stands at 0.53, indicating that the company's total debt represents 53% of its total capital. This suggests that the company relies more on equity financing rather than debt financing to fund its operations and investments.

Looking at the trend over the past few quarters, we see that the ratio has generally hovered around the range of 0.55 to 0.67. There was a slight decrease in the ratio from 0.67 in May 1, 2020, to 0.53 in Feb 2, 2024, indicating a potential improvement in the company's debt management during this period.

Overall, the debt-to-capital ratio of Science Applications International Corporation Common Stock appears to be at a moderate level, reflecting a balanced mix of debt and equity in its capital structure. It is important for investors and stakeholders to monitor this ratio to assess the company's financial risk and leverage position over time.