Signet Jewelers Ltd (SIG)
Debt-to-assets ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 0 | 147,500 | 147,400 | 147,300 | 147,200 | 147,100 | 147,100 | 147,000 | 146,900 | 146,800 | 146,700 | 1,036,200 | 1,336,100 | 1,336,000 | 515,900 | 788,800 | 628,200 | 639,000 |
| Total assets | US$ in thousands | 6,813,200 | 6,064,900 | 6,087,400 | 6,205,400 | 6,620,400 | 6,346,000 | 6,164,400 | 6,286,300 | 6,575,100 | 6,387,500 | 6,311,900 | 6,180,800 | 6,178,900 | 6,532,500 | 6,578,100 | 6,877,700 | 6,299,100 | 6,101,600 | 5,965,600 | 6,193,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.16 | 0.20 | 0.19 | 0.08 | 0.13 | 0.11 | 0.10 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $6,813,200K
= 0.00
The debt-to-assets ratio of Signet Jewelers Ltd has remained relatively stable over the periods analyzed, with values fluctuating between 0.00 and 0.20. A ratio of 0.00 indicates that the company had no debt relative to its total assets in some periods. The gradual increase in the ratio from 0.02 to 0.20 suggests a slight increase in debt relative to assets over time. The higher ratios from 0.16 to 0.20 observed in recent periods may indicate a higher proportion of debt compared to total assets, although it is still at relatively low levels. Overall, the company has maintained a conservative level of debt relative to its asset base, which can be seen as a positive sign for financial stability and risk management.