Total Debt (Carrying Amount)
Based on: 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).
Debt item | Description | The company |
---|---|---|
Total senior Notes (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Ross Stores Inc. total debt increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
Total Debt (Fair Value)
Jan 29, 2022 | |
---|---|
Selected Financial Data (US$ in thousands) | |
Total senior Notes (fair value) | 2,600,000) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 1.06 |
Based on: 10-K (reporting date: 2022-01-29).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.25%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
3.38% | 248,808) | 8,397) | |
4.60% | 695,888) | 32,011) | |
0.88% | 494,814) | 4,330) | |
4.70% | 239,470) | 11,255) | |
4.80% | 132,431) | 6,357) | |
1.88% | 494,691) | 9,275) | |
5.45% | 146,223) | 7,969) | |
Total | 2,452,325) | 79,594) | |
3.25% |
Based on: 10-K (reporting date: 2022-01-29).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 79,594 ÷ 2,452,325 = 3.25%
Interest Costs Incurred
Based on: 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).
Debt item | Description | The company |
---|---|---|
Interest expense | Amount of the cost of borrowed funds accounted for as interest expense for debt. | Ross Stores Inc. interest expense increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | Ross Stores Inc. capitalized interest increased from 2020 to 2021 and from 2021 to 2022. |
Interest costs incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | Ross Stores Inc. interest costs incurred increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
Adjusted Interest Coverage Ratio
Based on: 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).
2022 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
= 2,333,701 ÷ 75,161 = 31.05
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs incurred
= 2,333,701 ÷ 89,637 = 26.04
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | Ross Stores Inc. adjusted interest coverage ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |