Gap (GPS) Debt-to-Equity

: 2.10 (As of Jan. 2024)

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Gap's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $600 Mil. Gap's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $4,841 Mil. Gap's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,595 Mil. Gap's debt to equity for the quarter that ended in Jan. 2024 was 2.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Gap's Debt-to-Equity or its related term are showing as below:

GPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 1.39 Max: 3.66
Current: 2.1

During the past 13 years, the highest Debt-to-Equity Ratio of Gap was 3.66. The lowest was 0.35. And the median was 1.39.

GPS's Debt-to-Equity is ranked worse than
86.94% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs GPS: 2.10

Gap Debt-to-Equity Historical Data

The historical data trend for Gap's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gap Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

0.35

2.32

2.93

2.30

2.70

Gap Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																2.70	2.72	2.50	2.26	2.10

Competitive Comparison

For the Apparel Retail subindustry, Gap's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gap Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Gap's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gap's Debt-to-Equity falls into.

Gap Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gap's Debt to Equity Ratio for the fiscal year that ended in Jan. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(667	+	5353)	/	2233
	=	2.70

Gap's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(600	+	4841)	/	2595
	=	2.10

Gap (NYSE:GPS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Gap Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gap's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gap (GPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gap Inc (NYSE:GPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GPS:Mexico GAP:Germany GAP:Germany GPSI34:Brazil

Address

Two Folsom Street, San Francisco, CA, USA, 94105

Website

https://www.gapinc.com

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

Executives

John J Fisher	director, 10 percent owner	C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
Julie Gruber	officer: EVP & Global General Counsel	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Horacio Barbeito	officer: President & CEO, Old Navy	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Mark Breitbard	officer: Pres. & CEO, Banana Republic	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Katrina O'connell	officer: EVP CFO	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Sarah Gilligan	officer: EVP Sup Chn, Strat & Transform	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Chris Blakeslee	officer: President & CEO, Athleta	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Tariq M Shaukat	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Gurmeet Singh	officer: Chief Digital & Tech Officer	2 FOLSOM ST, SAN FRANCISCO CA 94105
Richard Dickson	director	C/O MATTEL, INC., 333 CONTINENTAL BOULEVARD, EL SEGUNDO CA 90245
Mary Beth Laughton	officer: President & CEO, Athleta	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Kathryn A. Hall	director	ONE MARITIME PLAZA, SIXTH FLOOR, SAN FRANCISCO CA 94111
Sonia Syngal	officer: EVP, Global Supply Chain	TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Elisabeth B Donohue	director	C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
Sheila Peters	officer: EVP & Chief People Officer	2 FOLSOM STREET, SAN FRANCISCO CA 94105