Debt to Equity
since 2008
Calculation
Ulta Beauty Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Notes payable1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Jan 28, 2023 | 0.00 | = | —) | ÷ | 1,959,811) |
| Jan 29, 2022 | 0.00 | = | —) | ÷ | 1,535,373) |
| Jan 30, 2021 | 0.00 | = | —) | ÷ | 1,999,549) |
| Feb 1, 2020 | 0.00 | = | —) | ÷ | 1,902,094) |
| Feb 2, 2019 | 0.00 | = | —) | ÷ | 1,820,218) |
| Feb 3, 2018 | 0.00 | = | —) | ÷ | 1,774,217) |
| Jan 28, 2017 | 0.00 | = | —) | ÷ | 1,550,218) |
| Jan 30, 2016 | 0.00 | = | —) | ÷ | 1,442,886) |
| Jan 31, 2015 | 0.00 | = | —) | ÷ | 1,247,509) |
| Feb 1, 2014 | 0.00 | = | —) | ÷ | 1,003,094) |
| Feb 2, 2013 | 0.00 | = | —) | ÷ | 786,942) |
| Jan 28, 2012 | 0.00 | = | —) | ÷ | 584,704) |
| Jan 29, 2011 | 0.00 | = | —) | ÷ | 402,533) |
| Jan 30, 2010 | 0.00 | = | —) | ÷ | 292,608) |
| Jan 31, 2009 | 0.43 | = | 106,047) | ÷ | 244,968) |
| Feb 2, 2008 | 0.35 | = | 74,770) | ÷ | 211,503) |
Based on: 10-K (reporting date: 2023-01-28), 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).
1 US$ in thousands
The financial trajectory from 2008 to 2023 is characterized by a substantial expansion of stockholders' equity and an initial increase in leverage during the earliest recorded period.
- Stockholders' Equity Growth
- Stockholders' equity demonstrated a consistent and significant upward trend over the majority of the analyzed period. Starting at 211,503 thousand US$ on February 2, 2008, the equity grew steadily to reach a peak of 1,999,549 thousand US$ by January 30, 2021. A notable decrease occurred on January 29, 2022, when equity fell to 1,535,373 thousand US$, before recovering to 1,959,811 thousand US$ by January 28, 2023.
- Debt and Leverage Analysis
- During the initial two years of the period, an increase in leverage was observed. Notes payable rose from 74,770 thousand US$ in 2008 to 106,047 thousand US$ in 2009. This increase in debt, coupled with equity growth, resulted in the debt to equity ratio rising from 0.35 to 0.43 between February 2, 2008, and January 31, 2009. For the remaining years of the period, specific values for notes payable and the debt to equity ratio were not recorded.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Ulta Beauty Inc., debt to equity, long-term trends, comparison to competitors
| Ulta Beauty Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 28, 2023 | 0.00 | 0.29 | 27.65 | — | 0.53 |
| Jan 29, 2022 | 0.00 | 0.46 | — | — | 0.56 |
| Jan 30, 2021 | 0.00 | 0.35 | 11.29 | 15.16 | 1.04 |
| Feb 1, 2020 | 0.00 | 0.34 | — | 9.79 | 0.38 |
| Feb 2, 2019 | 0.00 | 0.38 | — | 4.45 | 0.44 |
| Feb 3, 2018 | 0.00 | 0.54 | 18.59 | 2.89 | 0.43 |
| Jan 28, 2017 | 0.00 | 0.89 | 5.45 | 2.44 | 0.49 |
| Jan 30, 2016 | 0.00 | 0.40 | 3.37 | 1.65 | 0.38 |
| Jan 31, 2015 | 0.00 | 0.62 | 1.84 | 1.14 | 0.38 |
| Feb 1, 2014 | 0.00 | 0.77 | 1.18 | 0.89 | 0.30 |
| Feb 2, 2013 | 0.00 | 0.33 | 0.61 | 0.66 | 0.21 |
| Jan 28, 2012 | 0.00 | 0.38 | 0.60 | 0.46 | 0.25 |
| Jan 29, 2011 | 0.00 | 0.03 | 0.52 | 0.36 | 0.25 |
| Jan 30, 2010 | 0.00 | 0.03 | 0.50 | 0.27 | 0.27 |
| Jan 31, 2009 | 0.43 | 0.02 | 0.64 | 0.34 | 0.36 |
| Feb 2, 2008 | 0.35 | 0.15 | 0.76 | 0.41 | 0.40 |
Based on: 10-K (reporting date: 2023-01-28), 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).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Ulta Beauty Inc., debt to equity, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Ulta Beauty Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 28, 2023 | 0.00 | 0.71 |
| Jan 29, 2022 | 0.00 | 0.93 |
| Jan 30, 2021 | 0.00 | 0.77 |
| Feb 1, 2020 | 0.00 | 0.86 |
| Feb 2, 2019 | 0.00 | 1.03 |
| Feb 3, 2018 | 0.00 | 1.24 |
| Jan 28, 2017 | 0.00 | 1.54 |
| Jan 30, 2016 | 0.00 | 1.15 |
| Jan 31, 2015 | 0.00 | 1.04 |
| Feb 1, 2014 | 0.00 | 0.88 |
| Feb 2, 2013 | 0.00 | 0.53 |
| Jan 28, 2012 | 0.00 | 0.49 |
| Jan 29, 2011 | 0.00 | 0.36 |
| Jan 30, 2010 | 0.00 | 0.33 |
| Jan 31, 2009 | 0.43 | 0.43 |
| Feb 2, 2008 | 0.35 | 0.55 |
Based on: 10-K (reporting date: 2023-01-28), 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).
Comparison to Industry (Consumer Discretionary)
Ulta Beauty Inc., debt to equity, long-term trends, comparison to industry (consumer discretionary)
| Ulta Beauty Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 28, 2023 | 0.00 | 1.28 |
| Jan 29, 2022 | 0.00 | 1.44 |
| Jan 30, 2021 | 0.00 | 1.41 |
| Feb 1, 2020 | 0.00 | 2.17 |
| Feb 2, 2019 | 0.00 | 2.60 |
| Feb 3, 2018 | 0.00 | 2.59 |
| Jan 28, 2017 | 0.00 | 2.55 |
| Jan 30, 2016 | 0.00 | 2.21 |
| Jan 31, 2015 | 0.00 | 1.88 |
| Feb 1, 2014 | 0.00 | 1.60 |
| Feb 2, 2013 | 0.00 | 1.25 |
| Jan 28, 2012 | 0.00 | 1.19 |
| Jan 29, 2011 | 0.00 | 1.09 |
| Jan 30, 2010 | 0.00 | 1.26 |
| Jan 31, 2009 | 0.43 | 2.58 |
| Feb 2, 2008 | 0.35 | 4.06 |
Based on: 10-K (reporting date: 2023-01-28), 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).