Ulta Beauty Inc (ULTA)
Debt-to-assets ratio
| 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 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 800,000 | 800,000 | — | — | — | — |
| Total assets | US$ in thousands | 5,707,010 | 5,595,010 | 5,248,760 | 5,375,720 | 5,370,410 | 5,331,550 | 4,945,990 | 5,012,040 | 4,764,380 | 5,287,770 | 4,954,580 | 5,087,540 | 5,089,970 | 4,870,990 | 5,497,120 | 5,530,550 | 4,863,870 | 4,928,850 | 4,710,380 | 4,766,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.14 | 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
The debt-to-assets ratio of Ulta Beauty Inc has remained consistently low over the past several reporting periods, fluctuating between 0.00 and 0.15. A debt-to-assets ratio of 0.00 indicates that the company has not utilized debt to finance its assets during those periods.
A low debt-to-assets ratio suggests that Ulta Beauty Inc relies more on equity financing rather than debt to fund its operations and investments. This can be viewed positively as it indicates a lower financial risk and potentially greater financial stability for the company, as it has lower obligations to meet in terms of debt repayment.
Overall, the consistent low debt-to-assets ratio of Ulta Beauty Inc demonstrates a prudent financial management strategy with a preference for equity financing, which may help mitigate financial risks and support the company's long-term sustainability.
Peer comparison
Feb 3, 2024