Debt to Equity
since 2005
Calculation
Ross Stores Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current portion1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 0.60 | = | 2,452,325) | ÷ | 4,060,050) |
| Jan 30, 2021 | 0.76 | = | 2,513,085) | ÷ | 3,290,640) |
| Feb 1, 2020 | 0.09 | = | 312,891) | ÷ | 3,359,249) |
| Feb 2, 2019 | 0.09 | = | 312,440) | ÷ | 3,305,746) |
| Feb 3, 2018 | 0.13 | = | 396,967) | ÷ | 3,049,308) |
| Jan 28, 2017 | 0.14 | = | 396,493) | ÷ | 2,748,017) |
| Jan 30, 2016 | 0.16 | = | 396,025) | ÷ | 2,471,991) |
| Jan 31, 2015 | 0.17 | = | 398,375) | ÷ | 2,279,210) |
| Feb 1, 2014 | 0.07 | = | 150,000) | ÷ | 2,007,302) |
| Feb 2, 2013 | 0.08 | = | 150,000) | ÷ | 1,766,863) |
| Jan 28, 2012 | 0.10 | = | 150,000) | ÷ | 1,493,012) |
| Jan 29, 2011 | 0.11 | = | 150,000) | ÷ | 1,332,692) |
| Jan 30, 2010 | 0.13 | = | 150,000) | ÷ | 1,157,293) |
| Jan 31, 2009 | 0.15 | = | 150,000) | ÷ | 996,369) |
| Feb 2, 2008 | 0.15 | = | 150,000) | ÷ | 970,649) |
| Feb 3, 2007 | 0.16 | = | 150,000) | ÷ | 909,830) |
| Jan 28, 2006 | 0.06 | = | 50,000) | ÷ | 836,172) |
| Jan 29, 2005 | 0.07 | = | 50,000) | ÷ | 765,569) |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
- Long-term debt, including current portion
- The long-term debt remained stable at $50,000 thousand in the early periods, increasing sharply to $150,000 thousand from the fiscal year 2007 through 2014. A significant rise occurred in 2015, with debt escalating to approximately $398,000 thousand and maintaining at a similar level through 2019. In 2020 and 2021, a notable and substantial increase is observed, with debt reaching above $2.5 billion, indicating a major accumulation of long-term liabilities in these two years.
- Stockholders' equity
- Stockholders’ equity exhibited consistent growth throughout the entire period. Starting at roughly $765 million in 2005, it increased steadily each year, more than quadrupling to over $4 billion by 2022. This upward trend suggests a continuous reinvestment or accumulation of retained earnings and possibly growth in share capital.
- Debt to equity ratio
- The debt to equity ratio held relatively low and stable values from 2005 to 2014, fluctuating between 0.06 and 0.17, implying a conservative leverage position. From 2015 onwards, the ratio slightly decreased to a range between 0.09 and 0.13 until 2019, indicating stable leverage relative to equity growth. However, a marked increase occurred in 2020 and 2021, with ratios jumping dramatically to 0.76 and 0.6 respectively. This jump corresponds with the significant increase in long-term debt and suggests a major shift towards higher financial leverage during these years, potentially increasing financial risk.
Comparison to Competitors
Ross Stores Inc., debt to equity, long-term trends, comparison to competitors
| Ross Stores Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 0.60 | 0.46 | — | — | 0.56 |
| Jan 30, 2021 | 0.76 | 0.35 | 11.29 | 15.16 | 1.04 |
| Feb 1, 2020 | 0.09 | 0.34 | — | 9.79 | 0.38 |
| Feb 2, 2019 | 0.09 | 0.38 | — | 4.45 | 0.44 |
| Feb 3, 2018 | 0.13 | 0.54 | 18.59 | 2.89 | 0.43 |
| Jan 28, 2017 | 0.14 | 0.89 | 5.45 | 2.44 | 0.49 |
| Jan 30, 2016 | 0.16 | 0.40 | 3.37 | 1.65 | 0.38 |
| Jan 31, 2015 | 0.17 | 0.62 | 1.84 | 1.14 | 0.38 |
| Feb 1, 2014 | 0.07 | 0.77 | 1.18 | 0.89 | 0.30 |
| Feb 2, 2013 | 0.08 | 0.33 | 0.61 | 0.66 | 0.21 |
| Jan 28, 2012 | 0.10 | 0.38 | 0.60 | 0.46 | 0.25 |
| Jan 29, 2011 | 0.11 | 0.03 | 0.52 | 0.36 | 0.25 |
| Jan 30, 2010 | 0.13 | 0.03 | 0.50 | 0.27 | 0.27 |
| Jan 31, 2009 | 0.15 | 0.02 | 0.64 | 0.34 | 0.36 |
| Feb 2, 2008 | 0.15 | 0.15 | 0.76 | 0.41 | 0.40 |
| Feb 3, 2007 | 0.16 | 1.07 | 0.47 | 0.28 | 0.35 |
| Jan 28, 2006 | 0.06 | 2.89 | 0.15 | 0.25 | 0.43 |
| Jan 29, 2005 | 0.07 | 6.18 | 0.09 | 0.32 | 0.42 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Ross Stores Inc., debt to equity, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Ross Stores Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 0.60 | 0.93 |
| Jan 30, 2021 | 0.76 | 0.77 |
| Feb 1, 2020 | 0.09 | 0.86 |
| Feb 2, 2019 | 0.09 | 1.03 |
| Feb 3, 2018 | 0.13 | 1.24 |
| Jan 28, 2017 | 0.14 | 1.54 |
| Jan 30, 2016 | 0.16 | 1.15 |
| Jan 31, 2015 | 0.17 | 1.04 |
| Feb 1, 2014 | 0.07 | 0.88 |
| Feb 2, 2013 | 0.08 | 0.53 |
| Jan 28, 2012 | 0.10 | 0.49 |
| Jan 29, 2011 | 0.11 | 0.36 |
| Jan 30, 2010 | 0.13 | 0.33 |
| Jan 31, 2009 | 0.15 | 0.43 |
| Feb 2, 2008 | 0.15 | 0.55 |
| Feb 3, 2007 | 0.16 | 0.41 |
| Jan 28, 2006 | 0.06 | 0.22 |
| Jan 29, 2005 | 0.07 | 0.21 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Discretionary)
Ross Stores Inc., debt to equity, long-term trends, comparison to industry (consumer discretionary)
| Ross Stores Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | 0.60 | 1.45 |
| Jan 30, 2021 | 0.76 | 1.42 |
| Feb 1, 2020 | 0.09 | 2.17 |
| Feb 2, 2019 | 0.09 | 2.60 |
| Feb 3, 2018 | 0.13 | 2.59 |
| Jan 28, 2017 | 0.14 | 2.55 |
| Jan 30, 2016 | 0.16 | 2.21 |
| Jan 31, 2015 | 0.17 | 1.88 |
| Feb 1, 2014 | 0.07 | 1.60 |
| Feb 2, 2013 | 0.08 | 1.25 |
| Jan 28, 2012 | 0.10 | 1.19 |
| Jan 29, 2011 | 0.11 | 1.09 |
| Jan 30, 2010 | 0.13 | 1.26 |
| Jan 31, 2009 | 0.15 | 2.58 |
| Feb 2, 2008 | 0.15 | 4.06 |
| Feb 3, 2007 | 0.16 | 2.62 |
| Jan 28, 2006 | 0.06 | 2.96 |
| Jan 29, 2005 | 0.07 | 2.35 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).