Signet Jewelers Ltd (SIG)
Debt-to-equity 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-equity ratio | 0.00 | 0.14 | 0.00 | 0.00 | 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 |
February 1, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,851,800K
= 0.00
Signet Jewelers Ltd's debt-to-equity ratio has displayed significant fluctuations over the past few years. The company's debt-to-equity ratio stood at 1.36 as of May 2, 2020, indicating a relatively high level of debt compared to equity. Subsequently, the ratio increased to 1.46 by August 1, 2020, before decreasing to 1.13 by October 31, 2020.
From January 30, 2021, the debt-to-equity ratio experienced a sharp decline to 0.12, signifying a substantial reduction in debt relative to equity. This downward trend continued over the following quarters, with the ratio progressively decreasing to 0.09 as of July 31, 2021, and maintaining this level until October 29, 2022.
A minor uptick was observed in the debt-to-equity ratio in the following two quarters, reaching 0.12 by April 30, 2022, before reverting back to 0.10 by July 30, 2022, and remaining stable at 0.11 until October 29, 2023.
However, a notable shift occurred as of January 28, 2023, with a swift decrease bringing the debt-to-equity ratio to 0.09. This ratio was sustained in subsequent quarters until July 29, 2023, where it dropped steeply to 0.00, indicating a significant reduction in debt compared to equity.
The debt-to-equity ratio remained at 0.00 from July 29, 2023, until August 3, 2024, and then saw a spike to 0.14 by November 2, 2024. However, this increase was short-lived as the ratio plummeted back to 0.00 by February 1, 2025.
In conclusion, Signet Jewelers Ltd's debt-to-equity ratio has fluctuated substantially, reflecting changes in the company's capital structure and debt management strategies over the analyzed period.