Ulta Beauty Inc (ULTA)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,707,010 | 5,370,410 | 4,764,380 | 5,089,970 | 4,863,870 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,707,010K
= 0.00
Ulta Beauty Inc's debt-to-assets ratio has consistently calculated as 0.00 for the past five fiscal years, including the most recent period ending on February 3, 2024. This ratio indicates that the company has not utilized debt to finance its operations or acquire assets during the period under consideration. A debt-to-assets ratio of 0.00 suggests that Ulta Beauty Inc primarily relies on equity financing for its operations and expansion, which could be seen as a positive indicator of financial stability and a lower risk profile. However, it is important to note that while a low debt-to-assets ratio generally implies lower financial risk, it may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders. Ulta Beauty Inc's consistent 0.00 debt-to-assets ratio reflects a strategic approach to capital structure and financial management.
Peer comparison
Feb 3, 2024