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 data reveals distinct trends in the company's capital structure and equity position over the analyzed periods.
- Stockholders’ Equity
- The stockholders’ equity has exhibited a consistent upward trend from February 2008 through January 2023, increasing from approximately $211.5 million to nearly $2 billion. This progression indicates significant growth in the company's net asset base, likely reflecting retained earnings accumulation and potential equity financing activities.
- Notably, the equity value surpassed the $1 billion mark between early 2014 and early 2015 and continued to grow substantially, reaching its peak within the dataset in early 2023. An exception to this growth occurred in early 2022, where there was a noticeable decline in equity from approximately $2 billion in early 2021 to around $1.5 billion, before recovering again in 2023. This drop suggests an event such as a large dividend payout, share repurchase, restructuring, or an extraordinary loss impacting equity during that fiscal year.
- Notes Payable
- Notes payable data is available only for early 2008 and early 2009, where the values increased substantially from about $74.8 million to $106 million. The lack of subsequent data precludes detailed trend analysis, but the initial increase implies a greater reliance on short-term debt or financing through notes payable at the beginning of the period.
- Debt to Equity Ratio
- This ratio is available only for the first two years and shows an increase from 0.35 in early 2008 to 0.43 in early 2009, indicating a rise in leverage relative to equity in that timeframe. The absence of further data prevents assessment of leverage trends over the subsequent years.
Overall, the equity base has expanded robustly over the years, suggesting improved capitalization and potentially enhanced financial stability. However, the decline in equity noted in early 2022 warrants further investigation. Limited data on liabilities and leverage restricts comprehensive analysis of the company's debt management and capital structure evolution beyond the initial years.
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 | 1.31 |
| Jan 29, 2022 | 0.00 | 1.48 |
| Jan 30, 2021 | 0.00 | 1.44 |
| Feb 1, 2020 | 0.00 | 2.22 |
| 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).