Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Ross Stores Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
| 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 improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to equity (including operating lease liability) ratio | 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) improved from Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |
| 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 improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| 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. | Ross Stores Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Ross Stores Inc. debt to assets ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to assets (including operating lease liability) ratio | 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) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Ross Stores Inc. financial leverage ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Equity
Ross Stores Inc., debt to equity calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Stockholders’ equity | 4,147,000) | 4,126,951) | 4,053,897) | 4,060,050) | 3,983,217) | 3,903,986) | 3,652,821) | 3,290,640) | 3,019,037) | 2,867,199) | 2,817,392) | 3,359,249) | 3,276,779) | 3,296,264) | 3,267,526) | 3,305,746) | 3,187,163) | 3,184,610) | 3,130,288) | 3,049,308) | 2,858,519) | 2,839,884) | 2,777,746) | 2,748,017) | 2,649,522) | 2,614,330) | 2,539,441) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity1 | 0.59 | 0.59 | 0.61 | 0.60 | 0.63 | 0.64 | 0.69 | 0.76 | 0.83 | 1.08 | 1.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.09 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 33.10 | 173.11 | — | — | 37.82 | 17.48 | 20.52 | 11.29 | 23.01 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,455,460 ÷ 4,147,000 = 0.59
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 improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Equity (including Operating Lease Liability)
Ross Stores Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Current operating lease liabilities | 656,837) | 647,504) | 635,799) | 630,517) | 620,675) | 608,123) | 599,838) | 598,120) | 590,122) | 579,277) | 570,832) | 564,481) | 559,433) | 549,841) | 536,900) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Non-current operating lease liabilities | 2,596,221) | 2,525,512) | 2,567,286) | 2,539,297) | 2,551,162) | 2,503,332) | 2,542,358) | 2,621,594) | 2,672,139) | 2,601,254) | 2,631,769) | 2,610,528) | 2,601,372) | 2,496,230) | 2,514,530) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 5,708,518) | 5,627,429) | 5,656,452) | 5,622,139) | 5,688,111) | 5,626,664) | 5,656,341) | 5,732,799) | 5,774,298) | 6,269,333) | 6,293,215) | 3,487,900) | 3,473,583) | 3,358,736) | 3,363,982) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Stockholders’ equity | 4,147,000) | 4,126,951) | 4,053,897) | 4,060,050) | 3,983,217) | 3,903,986) | 3,652,821) | 3,290,640) | 3,019,037) | 2,867,199) | 2,817,392) | 3,359,249) | 3,276,779) | 3,296,264) | 3,267,526) | 3,305,746) | 3,187,163) | 3,184,610) | 3,130,288) | 3,049,308) | 2,858,519) | 2,839,884) | 2,777,746) | 2,748,017) | 2,649,522) | 2,614,330) | 2,539,441) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 1.38 | 1.36 | 1.40 | 1.38 | 1.43 | 1.44 | 1.55 | 1.74 | 1.91 | 2.19 | 2.23 | 1.04 | 1.06 | 1.02 | 1.03 | 0.09 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 38.30 | 199.91 | — | — | 43.73 | 20.47 | 23.99 | 13.16 | 26.74 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 5,708,518 ÷ 4,147,000 = 1.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | 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) improved from Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |
Debt to Capital
Ross Stores Inc., debt to capital calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Stockholders’ equity | 4,147,000) | 4,126,951) | 4,053,897) | 4,060,050) | 3,983,217) | 3,903,986) | 3,652,821) | 3,290,640) | 3,019,037) | 2,867,199) | 2,817,392) | 3,359,249) | 3,276,779) | 3,296,264) | 3,267,526) | 3,305,746) | 3,187,163) | 3,184,610) | 3,130,288) | 3,049,308) | 2,858,519) | 2,839,884) | 2,777,746) | 2,748,017) | 2,649,522) | 2,614,330) | 2,539,441) | ||||||||
| Total capital | 6,602,460) | 6,581,364) | 6,507,264) | 6,512,375) | 6,499,491) | 6,419,195) | 6,166,966) | 5,803,725) | 5,531,074) | 5,956,001) | 5,908,006) | 3,672,140) | 3,589,557) | 3,608,929) | 3,580,078) | 3,618,186) | 3,584,488) | 3,581,816) | 3,527,374) | 3,446,275) | 3,255,367) | 3,236,613) | 3,174,357) | 3,144,510) | 3,045,898) | 3,010,589) | 2,935,583) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.37 | 0.37 | 0.38 | 0.38 | 0.39 | 0.39 | 0.41 | 0.43 | 0.45 | 0.52 | 0.52 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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 | 0.99 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,455,460 ÷ 6,602,460 = 0.37
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 improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Capital (including Operating Lease Liability)
Ross Stores Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Current operating lease liabilities | 656,837) | 647,504) | 635,799) | 630,517) | 620,675) | 608,123) | 599,838) | 598,120) | 590,122) | 579,277) | 570,832) | 564,481) | 559,433) | 549,841) | 536,900) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Non-current operating lease liabilities | 2,596,221) | 2,525,512) | 2,567,286) | 2,539,297) | 2,551,162) | 2,503,332) | 2,542,358) | 2,621,594) | 2,672,139) | 2,601,254) | 2,631,769) | 2,610,528) | 2,601,372) | 2,496,230) | 2,514,530) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 5,708,518) | 5,627,429) | 5,656,452) | 5,622,139) | 5,688,111) | 5,626,664) | 5,656,341) | 5,732,799) | 5,774,298) | 6,269,333) | 6,293,215) | 3,487,900) | 3,473,583) | 3,358,736) | 3,363,982) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Stockholders’ equity | 4,147,000) | 4,126,951) | 4,053,897) | 4,060,050) | 3,983,217) | 3,903,986) | 3,652,821) | 3,290,640) | 3,019,037) | 2,867,199) | 2,817,392) | 3,359,249) | 3,276,779) | 3,296,264) | 3,267,526) | 3,305,746) | 3,187,163) | 3,184,610) | 3,130,288) | 3,049,308) | 2,858,519) | 2,839,884) | 2,777,746) | 2,748,017) | 2,649,522) | 2,614,330) | 2,539,441) | ||||||||
| Total capital (including operating lease liability) | 9,855,518) | 9,754,380) | 9,710,349) | 9,682,189) | 9,671,328) | 9,530,650) | 9,309,162) | 9,023,439) | 8,793,335) | 9,136,532) | 9,110,607) | 6,847,149) | 6,750,362) | 6,655,000) | 6,631,508) | 3,618,186) | 3,584,488) | 3,581,816) | 3,527,374) | 3,446,275) | 3,255,367) | 3,236,613) | 3,174,357) | 3,144,510) | 3,045,898) | 3,010,589) | 2,935,583) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.58 | 0.58 | 0.58 | 0.58 | 0.59 | 0.59 | 0.61 | 0.64 | 0.66 | 0.69 | 0.69 | 0.51 | 0.51 | 0.50 | 0.51 | 0.09 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,708,518 ÷ 9,855,518 = 0.58
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. | Ross Stores Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |
Debt to Assets
Ross Stores Inc., debt to assets calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total assets | 13,100,095) | 13,179,922) | 13,233,698) | 13,640,256) | 13,915,734) | 13,641,400) | 13,395,863) | 12,717,867) | 12,570,666) | 11,322,245) | 10,728,046) | 9,348,367) | 9,415,841) | 9,151,947) | 9,049,120) | 6,073,691) | 6,235,767) | 5,963,756) | 6,020,836) | 5,722,051) | 5,766,978) | 5,514,479) | 5,552,975) | 5,309,351) | 5,349,887) | 5,194,234) | 5,114,177) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.19 | 0.19 | 0.19 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.20 | 0.27 | 0.29 | 0.03 | 0.03 | 0.03 | 0.03 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 0.56 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,455,460 ÷ 13,100,095 = 0.19
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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Assets (including Operating Lease Liability)
Ross Stores Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | 802,507) | 805,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | —) | —) | —) | —) | 64,991) | 64,964) | 64,937) | 64,910) | —) | —) | —) | —) | —) | —) | —) | —) | 84,997) | 84,989) | 84,981) | 84,973) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current portion | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,451,283) | 2,450,245) | 2,449,208) | 2,448,175) | 2,512,037) | 2,286,295) | 2,285,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 312,328) | 312,217) | 312,105) | 311,994) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total debt | 2,455,460) | 2,454,413) | 2,453,367) | 2,452,325) | 2,516,274) | 2,515,209) | 2,514,145) | 2,513,085) | 2,512,037) | 3,088,802) | 3,090,614) | 312,891) | 312,778) | 312,665) | 312,552) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Current operating lease liabilities | 656,837) | 647,504) | 635,799) | 630,517) | 620,675) | 608,123) | 599,838) | 598,120) | 590,122) | 579,277) | 570,832) | 564,481) | 559,433) | 549,841) | 536,900) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Non-current operating lease liabilities | 2,596,221) | 2,525,512) | 2,567,286) | 2,539,297) | 2,551,162) | 2,503,332) | 2,542,358) | 2,621,594) | 2,672,139) | 2,601,254) | 2,631,769) | 2,610,528) | 2,601,372) | 2,496,230) | 2,514,530) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 5,708,518) | 5,627,429) | 5,656,452) | 5,622,139) | 5,688,111) | 5,626,664) | 5,656,341) | 5,732,799) | 5,774,298) | 6,269,333) | 6,293,215) | 3,487,900) | 3,473,583) | 3,358,736) | 3,363,982) | 312,440) | 397,325) | 397,206) | 397,086) | 396,967) | 396,848) | 396,729) | 396,611) | 396,493) | 396,376) | 396,259) | 396,142) | ||||||||
| Total assets | 13,100,095) | 13,179,922) | 13,233,698) | 13,640,256) | 13,915,734) | 13,641,400) | 13,395,863) | 12,717,867) | 12,570,666) | 11,322,245) | 10,728,046) | 9,348,367) | 9,415,841) | 9,151,947) | 9,049,120) | 6,073,691) | 6,235,767) | 5,963,756) | 6,020,836) | 5,722,051) | 5,766,978) | 5,514,479) | 5,552,975) | 5,309,351) | 5,349,887) | 5,194,234) | 5,114,177) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.44 | 0.43 | 0.43 | 0.41 | 0.41 | 0.41 | 0.42 | 0.45 | 0.46 | 0.55 | 0.59 | 0.37 | 0.37 | 0.37 | 0.37 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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 | 0.62 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,708,518 ÷ 13,100,095 = 0.44
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. | Ross Stores Inc. debt to assets ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023. |
Financial Leverage
Ross Stores Inc., financial leverage calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Total assets | 13,100,095) | 13,179,922) | 13,233,698) | 13,640,256) | 13,915,734) | 13,641,400) | 13,395,863) | 12,717,867) | 12,570,666) | 11,322,245) | 10,728,046) | 9,348,367) | 9,415,841) | 9,151,947) | 9,049,120) | 6,073,691) | 6,235,767) | 5,963,756) | 6,020,836) | 5,722,051) | 5,766,978) | 5,514,479) | 5,552,975) | 5,309,351) | 5,349,887) | 5,194,234) | 5,114,177) | ||||||||
| Stockholders’ equity | 4,147,000) | 4,126,951) | 4,053,897) | 4,060,050) | 3,983,217) | 3,903,986) | 3,652,821) | 3,290,640) | 3,019,037) | 2,867,199) | 2,817,392) | 3,359,249) | 3,276,779) | 3,296,264) | 3,267,526) | 3,305,746) | 3,187,163) | 3,184,610) | 3,130,288) | 3,049,308) | 2,858,519) | 2,839,884) | 2,777,746) | 2,748,017) | 2,649,522) | 2,614,330) | 2,539,441) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Financial leverage1 | 3.16 | 3.19 | 3.26 | 3.36 | 3.49 | 3.49 | 3.67 | 3.86 | 4.16 | 3.95 | 3.81 | 2.78 | 2.87 | 2.78 | 2.77 | 1.84 | 1.96 | 1.87 | 1.92 | 1.88 | 2.02 | 1.94 | 2.00 | 1.93 | 2.02 | 1.99 | 2.01 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 59.22 | 319.94 | — | — | 70.56 | 34.20 | 41.51 | 21.39 | 43.60 | — | — | — | — | — | — | — | 34.24 | 23.01 | 27.65 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 13,100,095 ÷ 4,147,000 = 3.16
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 decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |