Ulta Beauty Inc (ULTA)

Solvency ratios

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
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
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 0.31 0.31 0.00 0.00 0.00 0.00
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 0.45 0.46 0.00 0.00 0.00 0.00
Financial leverage ratio 2.50 2.76 2.56 2.66 2.74 2.77 2.80 2.87 3.10 2.66 2.64 2.76 2.55 2.63 3.10 3.15 2.56 2.67 2.56 2.45

Ulta Beauty Inc has consistently maintained a very low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio over the analyzed periods, with all ratios hovering around 0.00. This indicates that the company relies very little on debt financing to fund its operations and investments.

The financial leverage ratio, which measures the extent to which a company is utilizing debt to finance its assets, has fluctuated over the periods but generally remained relatively low. This suggests that Ulta Beauty Inc has been able to finance its assets primarily through equity, resulting in a stable financial structure with moderate leverage.

Overall, the solvency ratios indicate that Ulta Beauty Inc has a strong financial position with a conservative capital structure and low reliance on debt, which may potentially provide the company with greater financial flexibility and resilience in uncertain economic conditions.


Coverage ratios

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
Interest coverage 578.83 221.05 202.21 129.54 285.67 858.42 1,071.99 838.15 780.21 690.86 366.37 133.51 41.29 52.58 70.16 131.26 178.22 151.82 141.99 152.50

Ulta Beauty Inc's interest coverage ratio has exhibited fluctuations over the periods indicated in the table. The interest coverage ratio measures the company's ability to service its interest obligations with its operating income. A higher ratio indicates stronger financial health and lower risk of default.

The interest coverage ratio for Ulta Beauty Inc ranged from a low of 41.29 in January 2021 to a high of 1,071.99 in July 2022. Generally, a ratio above 2 is considered healthy, suggesting that the company has more than enough earnings to cover its interest expenses.

The significant fluctuations in Ulta Beauty Inc's interest coverage ratio may reflect changes in its profitability and cost of debt over time. It is important for investors and analysts to monitor these trends to assess the company's ability to meet its debt obligations and its overall financial stability.


See also:

Ulta Beauty Inc Solvency Ratios (Quarterly Data)