Signet Jewelers Ltd (SIG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,851,800 | 1,799,000 | 1,917,200 | 2,081,800 | 2,166,500 | 1,572,200 | 1,614,100 | 1,581,500 | 1,578,600 | 1,358,100 | 1,367,900 | 1,256,800 | 1,564,000 | 1,534,600 | 1,555,500 | 1,320,600 | 1,190,300 | 915,900 | 916,400 | 983,800 |
| Debt-to-capital ratio | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.10 | 0.11 | 0.53 | 0.59 | 0.58 |
February 1, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $1,851,800K)
= 0.00
The debt-to-capital ratio of Signet Jewelers Ltd has exhibited fluctuations over the period from May 2, 2020, to February 1, 2025. Initially standing at 0.58 in May 2020 and gradually increasing to 0.59 by August 2020, the ratio then experienced a decrease to 0.53 by October 2020. From there, the ratio saw a significant decline to 0.11 by January 2021, reflecting a notable reduction in the company's debt relative to its capital.
Subsequently, the debt-to-capital ratio continued to decrease steadily, reaching 0.09 by July 2021, maintaining this level through October 2021 and into January 2022. The ratio then saw a slight uptick to 0.10 by April 2022 and remained stable at this level through July 2022.
From October 2022 to February 2024, the debt-to-capital ratio stayed consistently at 0.10 before dropping to 0.00 by July 2023, signifying a period where the company had no debt relative to its capital. This continued through October 2023 and February 2024.
However, a change occurred by May 2024, as the debt-to-capital ratio rose to 0.12, marking a return of debt relative to the company's capital base. Subsequently, the ratio reverted to 0.00 by February 2025.
Overall, the debt-to-capital ratio movements reflect fluctuations in Signet Jewelers Ltd's capital structure and debt levels during the period, with a noteworthy shift towards lower debt levels in the earlier periods, followed by a return of debt later on.