Ulta Beauty Inc (ULTA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,488,350	2,329,010	2,348,160	2,300,740	2,279,330	2,279,330	2,028,540	2,028,540	2,051,880	2,051,880	2,018,070	2,018,070	1,959,810	1,959,810	1,922,260	1,922,260	1,769,070	1,769,070	1,745,620	1,535,370
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,488,350K)
= 0.00

Ulta Beauty Inc has maintained a consistent debt-to-capital ratio of 0.00% over the financial periods from January 31, 2022, to January 31, 2025. This indicates that the company has not utilized debt in its capital structure during these periods, resulting in a debt-free position. A debt-to-capital ratio of 0.00% suggests that Ulta Beauty has financed its operations primarily through equity rather than debt, which can be seen as a positive sign of financial health and stability. The company's ability to operate without relying on debt obligations may provide it with greater flexibility and reduce its financial risk, as it is not burdened by interest payments or debt repayment obligations. Ulta Beauty's consistent zero debt-to-capital ratio demonstrates a prudent financial strategy focused on preserving a strong balance sheet and financial position.