Signet Jewelers Ltd (SIG)
Debt-to-equity ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 147,400 | 147,100 | 146,700 | 515,900 |
| Total stockholders’ equity | US$ in thousands | 2,166,500 | 1,578,600 | 1,564,000 | 1,190,300 | 1,222,600 |
| Debt-to-equity ratio | 0.00 | 0.09 | 0.09 | 0.12 | 0.42 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $2,166,500K
= 0.00
The debt-to-equity ratio of Signet Jewelers Ltd has shown a decreasing trend over the past five years, indicating a significant reduction in the company's reliance on debt to finance its operations compared to its equity. As of February 3, 2024, the company reported a debt-to-equity ratio of 0.00, which suggests that the company has no debt on its balance sheet, relying entirely on equity to fund its activities. This is a positive indicator of financial health, as lower debt levels often imply lower financial risk and greater stability for the company. Overall, the decreasing trend in the debt-to-equity ratio reflects a prudent and conservative financial management strategy by Signet Jewelers Ltd.