Signet Jewelers Ltd (SIG)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 147,400 | 147,100 | 146,700 | 515,900 |
| Total assets | US$ in thousands | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 | 6,299,100 |
| Debt-to-assets ratio | 0.00 | 0.02 | 0.02 | 0.02 | 0.08 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $6,813,200K
= 0.00
Signet Jewelers Ltd has displayed a consistently low debt-to-assets ratio over the past five years, indicating a strong financial position with minimal reliance on debt to fund its operations. The ratio remained at 0.02 in three consecutive years (2021, 2022, and 2023), suggesting a stable capital structure with a balanced mix of debt and assets. However, there was a slight increase in the ratio to 0.08 in 2020, which may indicate a temporary increase in debt relative to assets that year. Overall, the trend of Signet Jewelers Ltd's debt-to-assets ratio indicates a prudent approach to managing its financial obligations and a healthy balance sheet position.