Signet Jewelers Ltd (SIG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.09 | 0.09 | 0.11 | 0.11 | 0.12 | 0.09 | 0.10 | 0.09 | 0.11 | 0.12 | 1.13 | 1.46 | 1.36 | 0.42 | 0.75 | 0.58 | 0.55 |
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 some fluctuations over the past 20 financial reporting periods. The ratio was consistently low in the range of 0.00 to 0.12 from May 2019 to July 2022, indicating that the company was primarily financed through equity rather than debt during this period.
Starting from August 2022, there was a noticeable increase in the debt-to-equity ratio, reaching a peak of 1.46 in October 2020. This significant rise suggests that the company took on more debt relative to its equity to finance its operations or growth initiatives during this period.
However, there was a subsequent decrease in the ratio from October 2020 to January 2021, followed by a substantial spike to 1.13 in May 2021. This fluctuation may indicate changes in the company's capital structure or financial management decisions during these periods.
From May 2021 to February 2024, the debt-to-equity ratio ranged from 0.00 to 0.12, indicating a return to lower debt levels compared to the peak in May 2021. Overall, the historical trend of the debt-to-equity ratio for Signet Jewelers Ltd shows variability in the company's leverage position and capital structure over time.