Urban Outfitters Inc (URBN)

Debt-to-capital ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,112,540	1,792,680	1,745,740	1,477,360	1,455,360
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,112,540K)
= 0.00

The debt-to-capital ratio for Urban Outfitters Inc has been consistently reported as 0.00 for the past five years ending on January 31, 2024. This indicates that the company has not relied on debt to finance its operations or investments during this period. A debt-to-capital ratio of zero signifies that the company's capital structure is primarily funded by equity, rather than debt. This can be seen as a positive sign of financial stability and a lower risk of financial distress, as the company is not burdened with debt obligations. However, it is also essential to consider that a very low or zero debt-to-capital ratio may limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Overall, Urban Outfitters Inc's consistent 0.00 debt-to-capital ratio suggests a conservative financing approach focused on equity financing.