Signet Jewelers Ltd (SIG)
Debt-to-assets ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 253,000 | 0 | 0 | 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 |
| Total assets | US$ in thousands | 5,726,600 | 5,685,300 | 5,613,800 | 6,151,200 | 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 |
| Debt-to-assets ratio | 0.00 | 0.04 | 0.00 | 0.00 | 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 |
February 1, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $5,726,600K
= 0.00
The debt-to-assets ratio of Signet Jewelers Ltd has shown a consistent downward trend over the analyzed periods, indicating a lower proportion of debt relative to its total assets. The ratio decreased from 0.19 on May 2, 2020, to 0.00 as of February 1, 2025. This implies that the company's debt levels have been well managed and reduced significantly over time, reflecting a stronger financial position and potentially lower financial risk. A lower debt-to-assets ratio suggests that the company relies less on debt financing and may have greater financial stability and flexibility. Overall, the decreasing trend in the debt-to-assets ratio signals positive financial management practices by Signet Jewelers Ltd.