Science Applications International Corporation Common Stock (SAIC)

Debt-to-equity 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-equity ratio		1.13	1.38	1.46	1.59	1.31

February 2, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,022,000K ÷ $1,785,000K
= 1.13

The debt-to-equity ratio of Science Applications International Corporation Common Stock has fluctuated over the past five years. As of February 2, 2024, the company's debt-to-equity ratio stood at 1.13, indicating that the company's level of debt is 1.13 times its equity. This ratio has shown a decreasing trend since January 29, 2021, where it was at its highest point of 1.59. The decreasing trend suggests that the company has been reducing its reliance on debt financing relative to equity financing over the period analyzed. However, it is important to note that the ratio increased in the previous year (from 1.31 in January 31, 2020 to 1.46 in January 28, 2022) before decreasing again.

Overall, the company's debt-to-equity ratio indicates that it has maintained a moderate level of debt relative to equity in its capital structure, with a decreasing trend suggesting a potential improvement in financial risk management over the years. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's financial leverage and risk profile.