Ulta Beauty Inc (ULTA)
Solvency ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.41 | 2.50 | 2.50 | 2.74 | 2.74 |
Ulta Beauty Inc's solvency ratios indicate a strong financial position with consistently low debt levels in relation to its assets, capital, and equity across the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 for the periods provided, implying that the company has minimal debt obligations relative to its resources and shareholders' equity.
Furthermore, the Financial leverage ratio, which measures the company's total assets in relation to its equity, has been decreasing from 2.74 in January 2023 to 2.41 in January 2025. This downward trend indicates that Ulta Beauty Inc has been gradually reducing its reliance on debt financing and strengthening its financial structure over time.
Overall, based on the solvency ratios provided, Ulta Beauty Inc appears to have a solid financial footing and is effectively managing its debt levels, which is important for ensuring long-term stability and sustainability in the competitive retail industry.
Coverage ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 96.22 | 332.11 | 332.11 |
Ulta Beauty Inc's interest coverage ratio provides insights into the company's ability to meet its interest payment obligations. In January 28, 2023, and January 31, 2023, the interest coverage ratio stood at a strong 332.11, indicating a comfortable cushion to cover interest expenses. However, a decrease in the interest coverage ratio to 96.22 as of January 31, 2024, raises some concerns as it suggests a decline in the company's ability to cover interest payments adequately. The absence of data for February 3, 2024, and January 31, 2025, prevents a comprehensive assessment of the trend in the interest coverage ratio. Monitoring Ulta Beauty Inc's interest coverage ratio over time will be essential to assess the company's financial health and ability to meet its debt obligations.