Analysis of Debt
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2006
- Price to Operating Profit (P/OP) since 2006
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Total Debt (Carrying Amount)
GameStop Corp., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2024-02-03), 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).
- Current portion of long-term debt
- The current portion of long-term debt shows a significant decrease from 349,200 thousand USD in early 2019 to 121,700 thousand USD in early 2021. Following this reduction, it further declines sharply to 4,100 thousand USD in early 2022. Subsequent periods maintain relatively low levels of 10,800 thousand USD at both early 2023 and early 2024, indicating stabilization at a minimal amount.
- Borrowings under revolving line of credit
- Borrowings under the revolving line of credit appear only in early 2021, with a reported amount of 25,000 thousand USD. There is no recorded activity in the other periods, suggesting limited or non-continuous utilization.
- Long-term debt, excluding current portion
- Long-term debt, excluding the current portion, decreases consistently over the observed periods. Starting from 471,600 thousand USD in early 2019, it reduces to 419,800 thousand USD in early 2020, then experiences a notable decline to 216,000 thousand USD in early 2021. This downward trend continues with 40,500 thousand USD reported in early 2022, followed by further reductions to 28,700 thousand USD in early 2023 and 17,700 thousand USD in early 2024.
- Total debt, net (carrying amount)
- Total debt shows an overall declining pattern, beginning at 820,800 thousand USD in early 2019 and dropping sharply to 419,800 thousand USD in early 2020. It continues to decrease to 362,700 thousand USD in early 2021, followed by a substantial decline to 44,600 thousand USD in early 2022. This trend persists with reductions to 39,500 thousand USD in early 2023 and further to 28,500 thousand USD in early 2024.
- General Observations
- The data reveal a clear and consistent reduction in debt levels over the six-year period. Both current and long-term debt components have been significantly lowered since 2019, reflecting efforts to deleverage the balance sheet. The presence of borrowing under the revolving line of credit in only one period indicates infrequent use of this credit facility. Overall, the trend points to a strategic focus on minimizing outstanding debt, resulting in a more conservative debt position by early 2024.
Total Debt (Fair Value)
| Feb 3, 2024 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Revolving credit facility due 2022 | |
| French Term Loans | |
| 5.5% Senior Notes due 2019 | |
| 6.75% Senior Notes due 2021 | |
| 10.00% Senior Notes due 2023 | |
| Total debt, net (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-02-03).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-02-03).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =