Ulta Beauty Inc (ULTA)

Debt-to-assets ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	6,001,690	5,707,010	5,707,010	5,370,410	5,370,410
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,001,690K
= 0.00

The debt-to-assets ratio for Ulta Beauty Inc has consistently been reported as 0.00 from January 28, 2023, to January 31, 2025. This indicates that the company has been using zero debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, suggesting a strong financial position with no significant debt obligations. Ulta Beauty Inc's consistent zero debt-to-assets ratio reflects favorably on its financial stability and potential for growth without the burden of debt.