Signet Jewelers Ltd (SIG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,222,600 | 1,050,700 | 1,088,200 | 1,161,400 |
| Debt-to-capital ratio | 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 | 0.30 | 0.43 | 0.37 | 0.35 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $2,166,500K)
= 0.00
The debt-to-capital ratio of Signet Jewelers Ltd has shown relatively consistent levels of around 0.09 to 0.11 between January 2022 and April 2023, indicating that the company has maintained a conservative level of debt relative to its total capital during this period. However, there was a notable increase in the ratio to 0.53 in January 2021, which further spiked to 0.59 by October 2020. These significant jumps in the debt-to-capital ratio suggest a substantial increase in the company's debt levels relative to its total capital during that time frame. Signet Jewelers Ltd managed to decrease the ratio to around 0.30 to 0.43 between November 2019 and July 2021 before experiencing an increase to 0.58 in May 2021. This fluctuation in the debt-to-capital ratio may indicate changes in the company's capital structure and financial leverage over the analyzed period. It is essential for investors to monitor these ratios to assess the company's financial health and risk levels.