Signet Jewelers Ltd (SIG)
Debt-to-equity ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 147,400 | 147,100 | 146,700 |
| Total stockholders’ equity | US$ in thousands | 1,851,800 | 2,166,500 | 1,578,600 | 1,564,000 | 1,190,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.09 | 0.09 | 0.12 |
February 1, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,851,800K
= 0.00
The debt-to-equity ratio of Signet Jewelers Ltd has shown a decreasing trend over the years, indicating a lower level of financial leverage. In January 2021, the ratio was 0.12, which decreased to 0.09 by January 2022 and remained the same in January 2023. An interesting observation is that by February 2024 and February 2025, the ratio dropped to 0.00, suggesting that the company possibly paid off its debt completely or significantly reduced its debt levels in relation to equity. This decrease in the debt-to-equity ratio reflects a healthier financial structure and lower financial risk for the company.