Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Ross Stores Inc., solvency ratios

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Debt Ratios
Debt to equity 0.60 0.76 0.09 0.09 0.13 0.14
Debt to equity (including operating lease liability) 1.38 1.74 1.04 0.09 0.13 0.14
Debt to capital 0.38 0.43 0.09 0.09 0.12 0.13
Debt to capital (including operating lease liability) 0.58 0.64 0.51 0.09 0.12 0.13
Debt to assets 0.18 0.20 0.03 0.05 0.07 0.07
Debt to assets (including operating lease liability) 0.41 0.45 0.37 0.05 0.07 0.07
Financial leverage 3.36 3.86 2.78 1.84 1.88 1.93
Coverage Ratios
Interest coverage 31.05 2.21 223.21 126.00 109.28 92.27
Fixed charge coverage 3.96 1.14 4.33 4.50 4.70 4.40

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Ross Stores Inc. debt to equity ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Ross Stores Inc. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Ross Stores Inc. debt to capital ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Ross Stores Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Ross Stores Inc. debt to assets ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Ross Stores Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Ross Stores Inc. financial leverage ratio increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Ross Stores Inc. interest coverage ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Ross Stores Inc. fixed charge coverage ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Debt to Equity

Ross Stores Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
 
Stockholders’ equity 4,060,050 3,290,640 3,359,249 3,305,746 3,049,308 2,748,017
Solvency Ratio
Debt to equity1 0.60 0.76 0.09 0.09 0.13 0.14
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc. 0.59 0.54 0.66 0.83
Home Depot Inc. 11.29
Lowe’s Cos. Inc. 15.16 9.79 4.45
TJX Cos. Inc. 0.56 1.04 0.38 0.44
Debt to Equity, Sector
Consumer Discretionary Distribution & Retail 1.06 0.93 1.17 1.44
Debt to Equity, Industry
Consumer Discretionary 1.54 1.52 2.37 2.78

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).

1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,452,325 ÷ 4,060,050 = 0.60

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Ross Stores Inc. debt to equity ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Debt to Equity (including Operating Lease Liability)

Ross Stores Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
Current operating lease liabilities 630,517 598,120 564,481
Non-current operating lease liabilities 2,539,297 2,621,594 2,610,528
Total debt (including operating lease liability) 5,622,139 5,732,799 3,487,900 312,440 396,967 396,493
 
Stockholders’ equity 4,060,050 3,290,640 3,359,249 3,305,746 3,049,308 2,748,017
Solvency Ratio
Debt to equity (including operating lease liability)1 1.38 1.74 1.04 0.09 0.13 0.14
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Amazon.com Inc. 1.06 0.96 1.08 1.25
Home Depot Inc. 13.16
Lowe’s Cos. Inc. 18.24 12.04 4.45
TJX Cos. Inc. 2.08 2.66 1.93 0.44
Debt to Equity (including Operating Lease Liability), Sector
Consumer Discretionary Distribution & Retail 1.67 1.46 1.76 1.82
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary 1.94 1.90 2.84 3.08

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).

1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 5,622,139 ÷ 4,060,050 = 1.38

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Ross Stores Inc. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Debt to Capital

Ross Stores Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
Stockholders’ equity 4,060,050 3,290,640 3,359,249 3,305,746 3,049,308 2,748,017
Total capital 6,512,375 5,803,725 3,672,140 3,618,186 3,446,275 3,144,510
Solvency Ratio
Debt to capital1 0.38 0.43 0.09 0.09 0.12 0.13
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc. 0.37 0.35 0.40 0.45
Home Depot Inc. 1.04 0.92 1.11 1.07
Lowe’s Cos. Inc. 1.24 0.94 0.91 0.82
TJX Cos. Inc. 0.36 0.51 0.27 0.31
Debt to Capital, Sector
Consumer Discretionary Distribution & Retail 0.51 0.48 0.54 0.59
Debt to Capital, Industry
Consumer Discretionary 0.61 0.60 0.70 0.74

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).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,452,325 ÷ 6,512,375 = 0.38

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. Ross Stores Inc. debt to capital ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Debt to Capital (including Operating Lease Liability)

Ross Stores Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
Current operating lease liabilities 630,517 598,120 564,481
Non-current operating lease liabilities 2,539,297 2,621,594 2,610,528
Total debt (including operating lease liability) 5,622,139 5,732,799 3,487,900 312,440 396,967 396,493
Stockholders’ equity 4,060,050 3,290,640 3,359,249 3,305,746 3,049,308 2,748,017
Total capital (including operating lease liability) 9,682,189 9,023,439 6,847,149 3,618,186 3,446,275 3,144,510
Solvency Ratio
Debt to capital (including operating lease liability)1 0.58 0.64 0.51 0.09 0.12 0.13
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.51 0.49 0.52 0.56
Home Depot Inc. 1.04 0.93 1.09 1.07
Lowe’s Cos. Inc. 1.20 0.95 0.92 0.82
TJX Cos. Inc. 0.68 0.73 0.66 0.31
Debt to Capital (including Operating Lease Liability), Sector
Consumer Discretionary Distribution & Retail 0.63 0.59 0.64 0.65
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary 0.66 0.65 0.74 0.76

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).

1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,622,139 ÷ 9,682,189 = 0.58

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Ross Stores Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Debt to Assets

Ross Stores Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
 
Total assets 13,640,256 12,717,867 9,348,367 6,073,691 5,722,051 5,309,351
Solvency Ratio
Debt to assets1 0.18 0.20 0.03 0.05 0.07 0.07
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc. 0.19 0.18 0.19 0.23
Home Depot Inc. 0.56 0.53 0.61 0.66
Lowe’s Cos. Inc. 0.55 0.47 0.49 0.47
TJX Cos. Inc. 0.12 0.20 0.09 0.16
Debt to Assets, Sector
Consumer Discretionary Distribution & Retail 0.25 0.24 0.26 0.31
Debt to Assets, Industry
Consumer Discretionary 0.35 0.36 0.41 0.45

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).

1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,452,325 ÷ 13,640,256 = 0.18

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. Ross Stores Inc. debt to assets ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Debt to Assets (including Operating Lease Liability)

Ross Stores Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 64,910 84,973
Long-term debt, excluding current portion 2,452,325 2,448,175 312,891 312,440 311,994 396,493
Total debt 2,452,325 2,513,085 312,891 312,440 396,967 396,493
Current operating lease liabilities 630,517 598,120 564,481
Non-current operating lease liabilities 2,539,297 2,621,594 2,610,528
Total debt (including operating lease liability) 5,622,139 5,732,799 3,487,900 312,440 396,967 396,493
 
Total assets 13,640,256 12,717,867 9,348,367 6,073,691 5,722,051 5,309,351
Solvency Ratio
Debt to assets (including operating lease liability)1 0.41 0.45 0.37 0.05 0.07 0.07
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.33 0.31 0.31 0.34
Home Depot Inc. 0.64 0.62 0.73 0.66
Lowe’s Cos. Inc. 0.66 0.56 0.60 0.47
TJX Cos. Inc. 0.44 0.50 0.47 0.16
Debt to Assets (including Operating Lease Liability), Sector
Consumer Discretionary Distribution & Retail 0.40 0.38 0.40 0.39
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary 0.44 0.45 0.50 0.50

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).

1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,622,139 ÷ 13,640,256 = 0.41

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Ross Stores Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Financial Leverage

Ross Stores Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Total assets 13,640,256 12,717,867 9,348,367 6,073,691 5,722,051 5,309,351
Stockholders’ equity 4,060,050 3,290,640 3,359,249 3,305,746 3,049,308 2,748,017
Solvency Ratio
Financial leverage1 3.36 3.86 2.78 1.84 1.88 1.93
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc. 3.17 3.04 3.44 3.63
Home Depot Inc. 21.39
Lowe’s Cos. Inc. 32.52 20.02 9.47
TJX Cos. Inc. 4.74 5.28 4.06 2.84
Financial Leverage, Sector
Consumer Discretionary Distribution & Retail 4.18 3.82 4.44 4.62
Financial Leverage, Industry
Consumer Discretionary 4.38 4.26 5.72 6.22

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).

1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 13,640,256 ÷ 4,060,050 = 3.36

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Ross Stores Inc. financial leverage ratio increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Interest Coverage

Ross Stores Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Net earnings 1,722,589 85,382 1,660,928 1,587,457 1,362,753 1,117,654
Add: Income tax expense 535,951 20,915 503,360 463,419 677,967 668,502
Add: Interest expense 75,161 88,064 9,740 16,407 18,847 19,569
Earnings before interest and tax (EBIT) 2,333,701 194,361 2,174,028 2,067,283 2,059,567 1,805,725
Solvency Ratio
Interest coverage1 31.05 2.21 223.21 126.00 109.28 92.27
Benchmarks
Interest Coverage, Competitors2
Amazon.com Inc. -1.51 22.09 15.69 9.73
Home Depot Inc. 17.14 13.60 13.25 14.85
Lowe’s Cos. Inc. 13.49 9.88 8.83 6.21
TJX Cos. Inc. 37.80 1.46 75.57 65.36
Interest Coverage, Sector
Consumer Discretionary Distribution & Retail 7.64 15.91 14.50 11.71
Interest Coverage, Industry
Consumer Discretionary 9.45 13.29 7.81 9.65

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).

1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 2,333,701 ÷ 75,161 = 31.05

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Ross Stores Inc. interest coverage ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Fixed Charge Coverage

Ross Stores Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Net earnings 1,722,589 85,382 1,660,928 1,587,457 1,362,753 1,117,654
Add: Income tax expense 535,951 20,915 503,360 463,419 677,967 668,502
Add: Interest expense 75,161 88,064 9,740 16,407 18,847 19,569
Earnings before interest and tax (EBIT) 2,333,701 194,361 2,174,028 2,067,283 2,059,567 1,805,725
Add: Operating lease cost 687,187 669,339 639,545 569,800 532,400 505,200
Earnings before fixed charges and tax 3,020,888 863,700 2,813,573 2,637,083 2,591,967 2,310,925
 
Interest expense 75,161 88,064 9,740 16,407 18,847 19,569
Operating lease cost 687,187 669,339 639,545 569,800 532,400 505,200
Fixed charges 762,348 757,403 649,285 586,207 551,247 524,769
Solvency Ratio
Fixed charge coverage1 3.96 1.14 4.33 4.50 4.70 4.40
Benchmarks
Fixed Charge Coverage, Competitors2
Amazon.com Inc. 0.47 5.24 4.63 3.65
Home Depot Inc. 9.94 8.97 8.26 7.80
Lowe’s Cos. Inc. 8.02 6.05 5.04 3.68
TJX Cos. Inc. 3.17 1.04 3.43 3.39
Fixed Charge Coverage, Sector
Consumer Discretionary Distribution & Retail 2.82 5.29 5.11 4.46
Fixed Charge Coverage, Industry
Consumer Discretionary 3.70 5.63 3.72 4.20

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).

1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,020,888 ÷ 762,348 = 3.96

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Ross Stores Inc. fixed charge coverage ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.