Signet Jewelers Ltd (SIG)
Financial leverage ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 | 6,299,100 |
| Total stockholders’ equity | US$ in thousands | 2,166,500 | 1,578,600 | 1,564,000 | 1,190,300 | 1,222,600 |
| Financial leverage ratio | 3.14 | 4.19 | 4.20 | 5.19 | 5.15 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,813,200K ÷ $2,166,500K
= 3.14
Signet Jewelers Ltd's financial leverage ratio has fluctuated over the past five years. The ratio decreased from 5.15 in Feb 1, 2020, to 3.14 in Feb 3, 2024, indicating a reduction in financial leverage over this period. However, it is still relatively high compared to previous years. The ratio peaked at 5.19 in Jan 30, 2021, before decreasing slightly in the following years. This suggests that the company has been actively managing its debt levels, although it remains leveraged compared to earlier years. Further analysis of the company's debt structure and financial health would provide more insights into its leverage position.