Urban Outfitters Inc (URBN)

Debt-to-capital ratio

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,112,540	2,046,560	1,967,390	1,850,680	1,792,680	1,738,390	1,707,190	1,695,920	1,745,740	1,746,730	1,669,420	1,534,510	1,477,360	1,431,320	1,350,590	1,298,110	1,455,360	1,429,850	1,361,400	1,447,970
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

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 of Urban Outfitters Inc has consistently remained at 0.00 for the past several quarters, indicating that the company has not used any debt to finance its operations relative to its capital structure. This suggests that Urban Outfitters Inc has been primarily relying on equity financing to fund its activities. A low or zero debt-to-capital ratio can reflect a strong financial position and lower financial risk, as the company has less financial leverage and interest payments to worry about. However, it is important to note that a zero debt-to-capital ratio may also indicate missed opportunities for leveraging debt for potential growth or tax benefits.