Lowe's (Lowe's) Debt-to-Equity

: -2.67 (As of Jan. 2024)

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Lowe's's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,024 Mil. Lowe's's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $39,121 Mil. Lowe's's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-15,050 Mil. Lowe's's debt to equity for the quarter that ended in Jan. 2024 was -2.67.

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 Lowe's's Debt-to-Equity or its related term are showing as below:

LOW' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.1 Med: 2.05 Max: 18.24
Current: -2.67

During the past 13 years, the highest Debt-to-Equity Ratio of Lowe's was 18.24. The lowest was -6.10. And the median was 2.05.

LOW's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.64 vs LOW: -2.67

Lowe's Debt-to-Equity Historical Data

The historical data trend for Lowe's'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.

Lowe's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

12.04

18.24

-6.10

-2.67

Lowe's 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																-2.67	-2.76	-2.75	-2.64	-2.67

Competitive Comparison

For the Home Improvement Retail subindustry, Lowe's'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.

Lowe's Debt-to-Equity Distribution

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

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

Lowe's Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lowe's's Debt to Equity Ratio for the fiscal year 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
	=	(1024	+	39121)	/	-15050
	=	-2.67

Lowe's'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
	=	(1024	+	39121)	/	-15050
	=	-2.67

Lowe's (NYSE:LOW) 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.

Lowe's Debt-to-Equity Related Terms

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Lowe's (Lowe's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lowe's Companies Inc (NYSE:LOW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LOW:Mexico LWE:Germany LWE:Germany LOWC34:Brazil

Address

1000 Lowes Boulevard, Mooresville, NC, USA, 28117

Website

https://www.lowes.com

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

Executives

Janice Dupre Little	officer: EVP Human Resources	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph Michael Mcfarland	officer: EVP, Stores	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Quonta D Vance	officer: EVP, Pro & Home Services	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Donald Frieson	officer: EVP, Supply Chain	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
William P Boltz	officer: EVP, Merchandising	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Seemantini Godbole	officer: EVP, Chief Information Officer	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Juliette Williams Pryor	officer: EVP, CLO & Corp. Sec.	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Ross W Mccanless	officer: SR VP Gen Counsel & Secretary
Scott H Baxter	director	400 NORTH ELM STREET, GREENSBORO NC 27401
Taylor Colleen	director	C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303
Brandon J Sink	officer: EVP, Chief Financial Officer	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Stone West Mary E	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Daniel J Heinrich	director	CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612
David H Batchelder	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Griggs Dan Clayton Jr	officer: Vice President, CAO	1000 LOWES BOULEVARD, MOORESVILLE NC 28117