Signet Jewelers Ltd (SIG)
Debt-to-assets ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 147,400 | 147,100 | 146,700 |
| Total assets | US$ in thousands | 5,726,600 | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 |
February 1, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $5,726,600K
= 0.00
Based on the data provided, Signet Jewelers Ltd has maintained a consistent and low debt-to-assets ratio of 0.02 from January 30, 2021, through January 28, 2023. This indicates that the company's level of debt in relation to its total assets remained stable at 2% during this period.
However, there has been a significant decrease in the debt-to-assets ratio to 0.00 as of February 3, 2024, and this low ratio has been sustained through February 1, 2025. This decline suggests that Signet Jewelers Ltd has substantially reduced its debt relative to its assets, potentially indicating a stronger financial position and lower financial risk.
Overall, the trend in the debt-to-assets ratio for Signet Jewelers Ltd reflects efficient management of debt levels and a positive outlook in terms of leverage and financial health.