Ulta Beauty Inc (ULTA)

Debt-to-equity ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,279,330	1,959,810	1,535,370	1,999,550	1,902,090
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,279,330K
= 0.00

The debt-to-equity ratio for Ulta Beauty Inc has consistently been at 0.00 for the past five fiscal years, including the most recent data for February 3, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure relative to its equity. This implies that the company is entirely financed by equity rather than debt. While having no debt can imply a lower financial risk due to no interest payments and lower bankruptcy risk, it may also limit potential returns as debt can be used to leverage investments. It is essential for investors and stakeholders to consider the company's overall financial health and performance in conjunction with the debt-to-equity ratio to gain a comprehensive understanding.