Ulta Beauty Inc (ULTA)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,001,690 | 5,958,490 | 5,737,410 | 5,631,940 | 5,707,010 | 5,707,010 | 5,595,010 | 5,595,010 | 5,248,760 | 5,248,760 | 5,375,720 | 5,375,720 | 5,370,410 | 5,370,410 | 5,331,550 | 5,331,550 | 4,945,990 | 4,945,990 | 5,012,040 | 4,764,380 |
| 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 | 0.00 | 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
Ulta Beauty Inc has consistently maintained a debt-to-assets ratio of 0.00 over the reported periods from January 31, 2022, to January 31, 2025. This indicates that the company's total debt levels relative to its total assets have been at zero, implying that the company has not relied on debt to finance its operations or expansion during this time frame.
A debt-to-assets ratio of zero usually signifies that the company funds its operations and investments primarily through equity financing or retained earnings, rather than taking on debt. This can be interpreted as a positive sign of financial health and stability, as lower debt levels reduce the company's financial risk and obligations.
In the case of Ulta Beauty Inc, the consistent zero debt-to-assets ratio suggests a prudent financial management strategy and a strong balance sheet position. It indicates that the company has been effectively managing its capital structure to support its operations and growth without incurring debt-related risks.
Overall, the sustained zero debt-to-assets ratio reflects the company's ability to operate without relying on borrowed funds and suggests a conservative approach towards financial leverage, which may be viewed positively by investors and stakeholders.
Peer comparison
Jan 31, 2025