Ulta Beauty Inc (ULTA)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,488,350K
= 0.00

Over the period from January 31, 2022, to January 31, 2025, Ulta Beauty Inc maintained a consistent debt-to-equity ratio of 0.00. This ratio indicates that the company did not have any debt in relation to its equity during this timeframe. A debt-to-equity ratio of 0.00 signifies that the company's financing was entirely sourced from equity rather than debt.

Having a debt-to-equity ratio of 0.00 can suggest financial stability and strength, as it implies the absence of financial leverage and potential risks associated with debt. However, it's essential to note that a very low debt-to-equity ratio could also mean the company may be forgoing opportunities to enhance returns through prudent debt financing.

Overall, Ulta Beauty Inc's consistent debt-to-equity ratio of 0.00 reflects a conservative financial structure with a focus on equity financing, which may indicate a lower risk profile in terms of financial obligations and potential solvency issues.