Science Applications International Corporation Common Stock (SAIC)
Debt-to-equity 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-equity ratio | 1.13 | 1.20 | 1.20 | 1.38 | 1.38 | 1.40 | 1.50 | 1.43 | 1.46 | 1.49 | 1.52 | 1.52 | 1.59 | 1.63 | 1.85 | 2.01 | 1.31 | 1.36 | 1.41 | 1.30 |
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 shown some fluctuations over the past few years, ranging from 1.13 to 2.01. A higher debt-to-equity ratio indicates that the company is relying more on debt to finance its operations and growth, which can be a sign of increased financial risk.
From the data provided, there seems to be a general increasing trend in the debt-to-equity ratio over the past few years, with some fluctuations in between. This trend suggests that the company may be taking on more debt relative to its equity, potentially to fund expansion or other strategic initiatives.
A debt-to-equity ratio of above 1 indicates that the company has more debt than equity, which means creditors have a higher stake in the company compared to shareholders. A ratio of 2.01 as of Nov 1, 2019, suggests that the company had more than twice the amount of debt compared to equity at that point in time.
It is important to monitor the debt-to-equity ratio over time to assess the company's financial health and ability to meet its debt obligations. A continuously increasing ratio may raise concerns about the company's ability to manage its debt levels and may indicate financial stress if not managed effectively.
Peer comparison
Feb 2, 2024