Ulta Beauty Inc (ULTA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 2.41 | 2.56 | 2.44 | 2.45 | 2.50 | 2.50 | 2.76 | 2.76 | 2.56 | 2.56 | 2.66 | 2.66 | 2.74 | 2.74 | 2.77 | 2.77 | 2.80 | 2.80 | 2.87 | 3.10 |
The solvency ratios of Ulta Beauty Inc indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 across multiple periods, showing that the company operates with minimal reliance on debt to finance its operations.
Additionally, the Financial leverage ratio, which measures the extent of a company's financial leverage, has been decreasing steadily over the periods. This decrease suggests that Ulta Beauty has been reducing its reliance on debt financing and strengthening its financial structure over time. The consistent low debt levels and decreasing financial leverage ratio indicate that Ulta Beauty Inc is effectively managing its debt and maintaining a solid solvency position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | 134.52 | 134.02 | 128.43 | 88.88 | — | 211.29 | 113.46 | 117.99 | 75.97 | 100.36 | 155.07 | 252.71 | 787.13 | 1,079.41 | 880.41 | 727.62 | 594.75 | 530.22 |
The interest coverage ratio for Ulta Beauty Inc has shown fluctuations over the periods examined. From January 31, 2022, to October 31, 2024, the interest coverage ratio has ranged from a low of 75.97 to a high of 1,079.41.
During this period, the interest coverage ratio generally exhibited a strong upward trend, reaching its peak at 1,079.41 on October 29, 2022. However, there were instances where the ratio dropped significantly, such as on January 28, 2023, and January 31, 2023, when the ratios were 252.71 and 155.07, respectively.
In more recent periods, the interest coverage ratio has fluctuated around lower levels, with ratios of 134.52 on July 31, 2024, and 134.02 on April 30, 2024. Notably, there were periods where the interest coverage ratio was not available, as indicated by the "—" symbol for October 31, 2023, and January 31, 2025.
Overall, a higher interest coverage ratio indicates that Ulta Beauty Inc is more capable of meeting its interest obligations with its operating income. However, investors and analysts should closely monitor future developments in Ulta Beauty Inc's financial performance to assess its ability to generate sufficient earnings to cover interest expenses effectively.