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GameStop Corp. pages available for free this week:
- 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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Calculation
Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
---|---|---|---|---|---|
Feb 3, 2024 | = | ÷ | |||
Jan 28, 2023 | = | ÷ | |||
Jan 29, 2022 | = | ÷ | |||
Jan 30, 2021 | = | ÷ | |||
Feb 1, 2020 | = | ÷ | |||
Feb 2, 2019 | = | ÷ | |||
Feb 3, 2018 | = | ÷ | |||
Jan 28, 2017 | = | ÷ | |||
Jan 30, 2016 | = | ÷ | |||
Jan 31, 2015 | = | ÷ | |||
Feb 1, 2014 | = | ÷ | |||
Feb 2, 2013 | = | ÷ | |||
Jan 28, 2012 | = | ÷ | |||
Jan 29, 2011 | = | ÷ | |||
Jan 30, 2010 | = | ÷ | |||
Jan 31, 2009 | = | ÷ | |||
Feb 2, 2008 | = | ÷ | |||
Feb 3, 2007 | = | ÷ | |||
Jan 28, 2006 | = | ÷ |
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), 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).
1 US$ in thousands
The analysis of the financial data over the period from 2006 to 2024 reveals significant trends in the company's leverage and equity position.
- Total Debt
- The total debt shows a declining trend from 2006 to 2010, decreasing from 975,990 thousand US dollars to 447,343 thousand US dollars. This reduction continues, reaching a minimal amount of 4,000 thousand US dollars by 2013. After some fluctuations between 2014 and 2017, with debt rising again to approximately 815,000 thousand US dollars, there is a clear and consistent decrease from 2021 onwards, with debt levels falling to 28,500 thousand US dollars by 2024. Overall, the company's debt has been significantly reduced over the long term.
- Stockholders’ Equity
- Stockholders’ equity increased steadily from 1,114,713 thousand US dollars in 2006 to a peak of approximately 3,042,100 thousand US dollars in 2012. After 2012, equity values began to decline, with a notable drop occurring between 2013 and 2020, reducing equity to a low of 611,500 thousand US dollars in 2020. From 2021 through 2024, equity levels experience some recovery, rising to 1,338,600 thousand US dollars by 2024, though they do not return to earlier peak levels within this timeframe.
- Debt to Equity Ratio
- The debt to equity ratio decreases markedly from 0.88 in 2006 to a low of 0.09 in 2011, indicating reduced leverage and a stronger equity base relative to debt during this period. Data for the years around 2012 and 2013 are missing, but subsequent reported values show slight increases peaking near 0.83 in 2021, suggesting a temporary rise in leverage. However, from 2022 to 2024, the ratio drops dramatically to 0.02, indicating the company has substantially lowered its debt relative to equity, achieving a highly conservative capital structure by the end of the analyzed period.
In summary, the company has reduced its debt significantly over the analyzed years, with fluctuating but generally declining leverage as evidenced by the debt to equity ratio. The equity position has experienced growth phases followed by a decline and partial recovery. The recent years exhibit a strong focus on deleveraging and strengthening the equity base relative to debt.
Comparison to Competitors
GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
---|---|---|---|---|---|
Feb 3, 2024 | |||||
Jan 28, 2023 | |||||
Jan 29, 2022 | |||||
Jan 30, 2021 | |||||
Feb 1, 2020 | |||||
Feb 2, 2019 | |||||
Feb 3, 2018 | |||||
Jan 28, 2017 | |||||
Jan 30, 2016 | |||||
Jan 31, 2015 | |||||
Feb 1, 2014 | |||||
Feb 2, 2013 | |||||
Jan 28, 2012 | |||||
Jan 29, 2011 | |||||
Jan 30, 2010 | |||||
Jan 31, 2009 | |||||
Feb 2, 2008 | |||||
Feb 3, 2007 | |||||
Jan 28, 2006 |
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), 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).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
GameStop Corp., debt to equity, long-term trends, comparison to sector (consumer discretionary distribution & retail)
GameStop Corp. | Consumer Discretionary Distribution & Retail | |
---|---|---|
Feb 3, 2024 | ||
Jan 28, 2023 | ||
Jan 29, 2022 | ||
Jan 30, 2021 | ||
Feb 1, 2020 | ||
Feb 2, 2019 | ||
Feb 3, 2018 | ||
Jan 28, 2017 | ||
Jan 30, 2016 | ||
Jan 31, 2015 | ||
Feb 1, 2014 | ||
Feb 2, 2013 | ||
Jan 28, 2012 | ||
Jan 29, 2011 | ||
Jan 30, 2010 | ||
Jan 31, 2009 | ||
Feb 2, 2008 | ||
Feb 3, 2007 | ||
Jan 28, 2006 |
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), 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).
Comparison to Industry (Consumer Discretionary)
GameStop Corp. | Consumer Discretionary | |
---|---|---|
Feb 3, 2024 | ||
Jan 28, 2023 | ||
Jan 29, 2022 | ||
Jan 30, 2021 | ||
Feb 1, 2020 | ||
Feb 2, 2019 | ||
Feb 3, 2018 | ||
Jan 28, 2017 | ||
Jan 30, 2016 | ||
Jan 31, 2015 | ||
Feb 1, 2014 | ||
Feb 2, 2013 | ||
Jan 28, 2012 | ||
Jan 29, 2011 | ||
Jan 30, 2010 | ||
Jan 31, 2009 | ||
Feb 2, 2008 | ||
Feb 3, 2007 | ||
Jan 28, 2006 |
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), 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).