Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Lowe’s Cos. Inc., solvency ratios (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Debt Ratios
Debt to equity 52.23 15.16 5.35 5.01 12.71 9.79 7.26 6.65 5.42 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90
Debt to equity (including operating lease liability) 62.29 18.24 6.44 6.01 15.28 12.04 9.07 8.37 6.83 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90
Debt to capital 1.73 1.68 1.67 1.72 1.62 1.41 1.31 1.24 1.06 1.01 0.98 0.94 0.84 0.83 0.93 0.91 0.88 0.87 0.84 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74
Debt to capital (including operating lease liability) 1.61 1.57 1.57 1.60 1.51 1.34 1.26 1.20 1.05 1.01 0.98 0.95 0.87 0.86 0.94 0.92 0.90 0.89 0.87 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74
Debt to assets 0.84 0.82 0.80 0.78 0.71 0.62 0.58 0.55 0.53 0.49 0.45 0.47 0.43 0.42 0.48 0.49 0.45 0.43 0.41 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43
Debt to assets (including operating lease liability) 0.94 0.91 0.88 0.87 0.81 0.72 0.68 0.66 0.63 0.58 0.54 0.56 0.52 0.51 0.57 0.60 0.56 0.54 0.51 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43
Financial leverage 115.06 32.52 12.49 11.88 26.71 20.02 16.18 15.41 13.36 9.47 6.81 6.42 6.66 6.01 6.41 6.62 6.80

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Lowe’s Cos. Inc. debt to capital ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Lowe’s Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Lowe’s Cos. Inc. debt to assets ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Lowe’s Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Equity

Lowe’s Cos. Inc., debt to equity calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
 
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Solvency Ratio
Debt to equity1 52.23 15.16 5.35 5.01 12.71 9.79 7.26 6.65 5.42 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc. 0.39 0.43 0.48 0.54 0.59 0.58 0.62 0.53 0.54 0.63 0.67 0.58 0.66 0.73 0.83 0.78 0.83 0.90 0.93 0.99
Home Depot Inc. 29.32 31.54 116.72 27.65 33.10 173.11 37.82 17.48 20.52 11.29 23.01 19.53 12.69 15.29
TJX Cos. Inc. 0.42 0.43 0.52 0.53 0.59 0.62 0.60 0.56 0.52 0.52 0.87 1.04 1.11 1.33 1.52 0.38 0.40 0.42 0.44 0.44 0.42 0.43 0.42 0.43 0.48 0.49 0.49

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 35,918 ÷ -15,147 =

2 Click competitor name to see calculations.


Debt to Equity (including Operating Lease Liability)

Lowe’s Cos. Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
Current operating lease liabilities 533 534 525 522 651 652 639 636 573 557 551 541 530 520 506 501 499 492 500
Noncurrent operating lease liabilities 3,602 3,611 3,479 3,512 4,048 4,069 4,061 4,021 4,136 3,841 3,925 3,890 3,907 3,859 3,915 3,943 3,942 4,055 4,064
Total debt (including operating lease liability) 40,053 40,576 40,528 37,994 38,212 33,605 33,597 29,384 30,942 28,709 27,720 26,211 26,231 26,185 26,225 23,750 22,287 22,094 22,114 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
 
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Solvency Ratio
Debt to equity (including operating lease liability)1 62.29 18.24 6.44 6.01 15.28 12.04 9.07 8.37 6.83 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.77 0.84 0.91 1.00 1.06 1.05 1.08 0.97 0.96 1.07 1.07 0.98 1.08 1.16 1.23 1.20 1.25 1.32 1.35 1.43
Home Depot Inc. 34.44 37.07 136.54 32.24 38.30 199.91 43.73 20.47 23.99 13.16 26.74 19.53 12.69 15.29
TJX Cos. Inc. 1.83 1.90 2.00 2.00 2.23 2.34 2.27 2.08 1.99 2.01 2.42 2.66 2.81 3.36 3.48 1.93 2.07 2.14 2.18 0.44 0.42 0.43 0.42 0.43 0.48 0.49 0.49

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 40,053 ÷ -15,147 =

2 Click competitor name to see calculations.


Debt to Capital

Lowe’s Cos. Inc., debt to capital calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Total capital 20,771 21,699 21,814 19,706 20,645 20,442 22,020 19,911 24,657 24,136 23,689 23,217 25,867 26,162 23,520 21,278 20,304 20,187 20,786 19,867 20,971 21,612 21,589 22,868 21,780 21,620 21,596
Solvency Ratio
Debt to capital1 1.73 1.68 1.67 1.72 1.62 1.41 1.31 1.24 1.06 1.01 0.98 0.94 0.84 0.83 0.93 0.91 0.88 0.87 0.84 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc. 0.28 0.30 0.32 0.35 0.37 0.37 0.38 0.35 0.35 0.39 0.40 0.37 0.40 0.42 0.45 0.44 0.45 0.47 0.48 0.50
Home Depot Inc. 0.97 0.97 0.99 0.97 0.97 0.99 1.04 1.04 0.97 0.95 0.95 0.92 0.96 1.01 1.11 1.11 1.04 1.04 1.08 1.07 0.95 0.93 0.94
TJX Cos. Inc. 0.30 0.30 0.34 0.35 0.37 0.38 0.37 0.36 0.34 0.34 0.46 0.51 0.53 0.57 0.60 0.27 0.29 0.30 0.30 0.31 0.30 0.30 0.30 0.30 0.32 0.33 0.33

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 35,918 ÷ 20,771 = 1.73

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Lowe’s Cos. Inc. debt to capital ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Capital (including Operating Lease Liability)

Lowe’s Cos. Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
Current operating lease liabilities 533 534 525 522 651 652 639 636 573 557 551 541 530 520 506 501 499 492 500
Noncurrent operating lease liabilities 3,602 3,611 3,479 3,512 4,048 4,069 4,061 4,021 4,136 3,841 3,925 3,890 3,907 3,859 3,915 3,943 3,942 4,055 4,064
Total debt (including operating lease liability) 40,053 40,576 40,528 37,994 38,212 33,605 33,597 29,384 30,942 28,709 27,720 26,211 26,231 26,185 26,225 23,750 22,287 22,094 22,114 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Total capital (including operating lease liability) 24,906 25,844 25,818 23,740 25,344 25,163 26,720 24,568 29,366 28,534 28,165 27,648 30,304 30,541 27,941 25,722 24,745 24,734 25,350 19,867 20,971 21,612 21,589 22,868 21,780 21,620 21,596
Solvency Ratio
Debt to capital (including operating lease liability)1 1.61 1.57 1.57 1.60 1.51 1.34 1.26 1.20 1.05 1.01 0.98 0.95 0.87 0.86 0.94 0.92 0.90 0.89 0.87 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.43 0.46 0.48 0.50 0.51 0.51 0.52 0.49 0.49 0.52 0.52 0.49 0.52 0.54 0.55 0.54 0.56 0.57 0.57 0.59
Home Depot Inc. 0.97 0.97 0.99 0.97 0.97 1.00 1.04 1.04 0.98 0.95 0.96 0.93 0.96 1.01 1.09 1.09 1.03 1.03 1.07 1.07 0.95 0.93 0.94
TJX Cos. Inc. 0.65 0.66 0.67 0.67 0.69 0.70 0.69 0.68 0.67 0.67 0.71 0.73 0.74 0.77 0.78 0.66 0.67 0.68 0.69 0.31 0.30 0.30 0.30 0.30 0.32 0.33 0.33

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 40,053 ÷ 24,906 = 1.61

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Lowe’s Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Assets

Lowe’s Cos. Inc., debt to assets calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
 
Total assets 42,519 44,521 45,917 43,708 46,973 46,725 49,725 44,640 49,400 49,404 51,200 46,735 50,880 51,763 45,832 39,471 39,764 40,695 43,219 34,508 36,713 37,105 38,237 35,291 36,783 36,668 37,613
Solvency Ratio
Debt to assets1 0.84 0.82 0.80 0.78 0.71 0.62 0.58 0.55 0.53 0.49 0.45 0.47 0.43 0.42 0.48 0.49 0.45 0.43 0.41 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc. 0.15 0.16 0.17 0.18 0.19 0.19 0.19 0.17 0.18 0.20 0.21 0.19 0.19 0.22 0.24 0.23 0.23 0.25 0.26 0.27
Home Depot Inc. 0.55 0.55 0.55 0.57 0.56 0.54 0.54 0.56 0.54 0.51 0.49 0.53 0.53 0.55 0.61 0.61 0.56 0.55 0.55 0.66 0.57 0.55 0.55
TJX Cos. Inc. 0.09 0.10 0.12 0.12 0.12 0.12 0.12 0.12 0.11 0.12 0.18 0.20 0.20 0.23 0.28 0.09 0.09 0.10 0.10 0.16 0.15 0.16 0.16 0.16 0.16 0.17 0.17

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 35,918 ÷ 42,519 = 0.84

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Lowe’s Cos. Inc. debt to assets ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Assets (including Operating Lease Liability)

Lowe’s Cos. Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Total debt 35,918 36,431 36,524 33,960 33,513 28,884 28,897 24,727 26,233 24,311 23,244 21,780 21,794 21,806 21,804 19,306 17,846 17,547 17,550 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
Current operating lease liabilities 533 534 525 522 651 652 639 636 573 557 551 541 530 520 506 501 499 492 500
Noncurrent operating lease liabilities 3,602 3,611 3,479 3,512 4,048 4,069 4,061 4,021 4,136 3,841 3,925 3,890 3,907 3,859 3,915 3,943 3,942 4,055 4,064
Total debt (including operating lease liability) 40,053 40,576 40,528 37,994 38,212 33,605 33,597 29,384 30,942 28,709 27,720 26,211 26,231 26,185 26,225 23,750 22,287 22,094 22,114 16,223 15,577 15,831 15,844 16,995 16,038 16,084 16,065
 
Total assets 42,519 44,521 45,917 43,708 46,973 46,725 49,725 44,640 49,400 49,404 51,200 46,735 50,880 51,763 45,832 39,471 39,764 40,695 43,219 34,508 36,713 37,105 38,237 35,291 36,783 36,668 37,613
Solvency Ratio
Debt to assets (including operating lease liability)1 0.94 0.91 0.88 0.87 0.81 0.72 0.68 0.66 0.63 0.58 0.54 0.56 0.52 0.51 0.57 0.60 0.56 0.54 0.51 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.29 0.32 0.32 0.33 0.33 0.34 0.34 0.32 0.31 0.34 0.34 0.31 0.31 0.34 0.35 0.35 0.34 0.37 0.37 0.39
Home Depot Inc. 0.65 0.65 0.65 0.66 0.65 0.62 0.62 0.64 0.62 0.60 0.58 0.62 0.61 0.64 0.71 0.73 0.67 0.66 0.66 0.66 0.57 0.55 0.55
TJX Cos. Inc. 0.41 0.43 0.45 0.45 0.44 0.47 0.46 0.44 0.43 0.45 0.49 0.50 0.50 0.59 0.65 0.47 0.47 0.50 0.50 0.16 0.15 0.16 0.16 0.16 0.16 0.17 0.17

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 40,053 ÷ 42,519 = 0.94

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Lowe’s Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Financial Leverage

Lowe’s Cos. Inc., financial leverage calculation (quarterly data)

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017
Selected Financial Data (US$ in millions)
Total assets 42,519 44,521 45,917 43,708 46,973 46,725 49,725 44,640 49,400 49,404 51,200 46,735 50,880 51,763 45,832 39,471 39,764 40,695 43,219 34,508 36,713 37,105 38,237 35,291 36,783 36,668 37,613
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Solvency Ratio
Financial leverage1 115.06 32.52 12.49 11.88 26.71 20.02 16.18 15.41 13.36 9.47 6.81 6.42 6.66 6.01 6.41 6.62 6.80
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc. 2.61 2.66 2.83 3.01 3.17 3.12 3.19 3.07 3.04 3.17 3.14 3.13 3.44 3.41 3.50 3.39 3.63 3.52 3.61 3.68
Home Depot Inc. 52.85 57.22 211.01 48.94 59.22 319.94 70.56 34.20 41.51 21.39 43.60 34.24 23.01 27.65
TJX Cos. Inc. 4.44 4.38 4.47 4.45 5.02 5.02 4.95 4.74 4.67 4.49 4.94 5.28 5.67 5.70 5.36 4.06 4.38 4.31 4.38 2.84 2.86 2.70 2.66 2.73 2.99 2.85 2.80

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

1 Q3 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 42,519 ÷ -15,147 =

2 Click competitor name to see calculations.