Stock Analysis on Net
Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Ross Stores Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Accounts payable
Accrued expenses and other
Current operating lease liabilities
Accrued payroll and benefits
Income taxes payable
Current portion of long-term debt
Current liabilities
Long-term debt, excluding current portion
Non-current operating lease liabilities
Income taxes
Deferred compensation
Deferred social security taxes
Deferred rent
Tenant improvement allowances
Other
Other long-term liabilities
Deferred income taxes
Long-term liabilities
Total liabilities
Common stock, par value $0.01 per share
Additional paid-in capital
Treasury stock
Accumulated other comprehensive income
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Accounts payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed a fluctuating trend, starting at 19.24% in 2017, slightly decreasing to 18.52% in 2018, rising again to 19.38% in 2019, then experiencing a notable drop to 13.87% in 2020, and subsequently recovering to approximately 17.4% in the following two years.
Accrued expenses and other
This item demonstrated a steady decline over the period, beginning at 7.5% in 2017 and gradually decreasing to 4.49% by 2022, indicating a reduction in accrued liabilities relative to total financing.
Current operating lease liabilities
Data for this liability appears only from 2020 onwards, starting at 6.04%, then declining slightly to 4.7% in 2021 and remaining stable at 4.62% in 2022. This suggests the recognition of operating lease liabilities commenced or was separately reported from 2020.
Accrued payroll and benefits
The proportion attributable to accrued payroll and benefits decreased significantly from 5.96% in 2017, reaching a low of 3.15% in 2021 before slightly increasing to 4.32% in 2022, implying variability in payroll-related liabilities.
Income taxes payable
Income taxes payable were generally low and variable, ranging from 0.08% to 0.62%, with some missing data points, showing no clear directional trend.
Current portion of long-term debt
This item appeared intermittently, with a peak of 1.49% in 2018, no values for several years thereafter, and a low value in 2021. The inconsistency may indicate changes in debt structuring or reporting.
Current liabilities
Current liabilities as a total percentage experienced a gradual decline from 33.01% in 2017 to 28.9% in 2020, followed by an increase to 31.19% in 2021 and a slight reduction to 30.9% in 2022. This reflects some variability but overall relative stability in current liabilities.
Long-term debt, excluding current portion
Long-term debt showed a declining trend from 7.47% in 2017 to 3.35% in 2020, followed by a sharp increase to 19.25% in 2021 and a marginal decrease to 17.98% in 2022. This indicates a significant rise in long-term borrowing in the most recent years analyzed.
Non-current operating lease liabilities
These liabilities appeared beginning in 2020 at 27.92%, then declined to 20.61% in 2021 and further to 18.62% in 2022, reflecting recognition and gradual reduction or reclassification of lease obligations.
Income taxes
Income taxes as a percentage decreased steadily over the period from 1.84% in 2017 to 0.48% in 2022, demonstrating reduced tax liabilities relative to total financing.
Deferred compensation
Deferred compensation liabilities trended downward from 1.89% in 2017 to 1.2% in 2022, showing a modest reduction over time.
Deferred social security taxes
This liability appeared only in 2021 at 0.29%, suggesting a one-time or newly recognized deferred tax obligation.
Deferred rent
Deferred rent was reported from 2017 through 2019 at approximately 1.3%, with no data thereafter, possibly indicating elimination or reclassification.
Tenant improvement allowances
Reported only in the initial years (2017-2019) at just under 0.5%, this liability later showed no figures, possibly reflecting changes in accounting for these allowances.
Other
The 'Other' category remained negligible, ranging between 0.05% and 0.22%, with a slight downward trend over the period.
Other long-term liabilities
This category declined substantially from 5.48% in 2017 to 1.73% in 2022, suggesting paydown or reclassification of certain long-term obligations.
Deferred income taxes
Deferred income taxes fluctuated, decreasing from 2.29% in 2017 to a low of 0.96% in 2021 before slightly increasing to 1.01% in 2022, indicating some variability but an overall decline.
Long-term liabilities
Long-term liabilities exhibited a significant increase beginning in 2020, jumping from about 12.5% in 2019 to 35.16% in 2020, further rising to a peak of 42.93% in 2021 and slightly decreasing to 39.33% in 2022. This rise corresponds with the recognition of lease liabilities and increased long-term debt.
Total liabilities
Total liabilities as a proportion of total financing increased markedly from approximately 45.6% in 2019 to 64.07% in 2020, then continued higher to 74.13% in 2021 before declining slightly to 70.23% in 2022, reflecting a heavier reliance on liabilities in the company's financial structure.
Common stock, par value $0.01 per share
This equity component remained negligible and stable, decreasing slightly from 0.07% in 2017 to 0.03% by 2022.
Additional paid-in capital
Additional paid-in capital declined noticeably from 22.9% in 2017 to around 12.5% in 2022, indicating a reduction in paid-in capital's relative contribution to total equity financing.
Treasury stock
Treasury stock showed a negative balance consistently, peaking in negative values around -6.14% in 2019 and then trending towards a less negative position of approximately -3.93% in 2022, suggesting some repurchase activity adjustment.
Accumulated other comprehensive income
This equity component is reported as zero or missing in later years, implying minimal or no impact on overall equity.
Retained earnings
Retained earnings as a percentage of total financing increased modestly from 33.92% in 2017 to a peak near 37.85% in 2019, followed by a sharp decline to 17.19% in 2021 and a partial recovery to 21.08% in 2022. This pattern may reflect fluctuations in profitability or dividend distributions.
Stockholders’ equity
Stockholders' equity relative to total financing declined significantly from 54.43% in 2019 to 25.87% in 2021, with a slight rebound to 29.77% in 2022. This decrease corresponds primarily to the rise in total liabilities and may indicate changes in the capital structure or retained earnings.
Total liabilities and stockholders’ equity
As expected, this total remained stable at 100%, serving as the baseline for the proportional analysis of liabilities and equity.