The Cato (The Cato) Debt-to-Equity

: 0.80 (As of Jan. 2024)

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The Cato's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $61.1 Mil. The Cato's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $92.0 Mil. The Cato's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $192.3 Mil. The Cato's debt to equity for the quarter that ended in Jan. 2024 was 0.80.

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

CATO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 0.77 Max: 0.84
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of The Cato was 0.84. The lowest was 0.67. And the median was 0.77.

CATO's Debt-to-Equity is ranked worse than
59.26% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs CATO: 0.80

The Cato Debt-to-Equity Historical Data

The historical data trend for The Cato'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.

The Cato Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

0.67

0.84

0.73

0.77

0.80

The Cato 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																0.77	0.69	0.61	0.56	0.80

Competitive Comparison

For the Apparel Retail subindustry, The Cato'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.

The Cato Debt-to-Equity Distribution

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

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

The Cato Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Cato'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
	=	(61.108	+	92.013)	/	192.321
	=	0.80

The Cato'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
	=	(61.108	+	92.013)	/	192.321
	=	0.80

The Cato (NYSE:CATO) 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.

The Cato Debt-to-Equity Related Terms

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

The Cato (The Cato) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Cato Corp (NYSE:CATO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CO2A:Germany

Address

8100 Denmark Road, Charlotte, NC, USA, 28273-5975

Website

https://www.catofashions.com

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

Executives

Bailey W Patrick	director
Cato John P D	director, officer: CHAIRMAN/PRESIDENT/CEO	CATO CORP, PO BOX 34216, CHARLOTTE NC 28234
Audrey Schwarz	officer: Vice President, DMM	PO BOX 34216, CHARLOTTE NC 28234
Charles D Knight	officer: EVP - Chief Financial Officer	TOYS R US, INC., ONE GEOFFREY WAY, WAYNE NJ 07470-2030
Hang Matchett	officer: SVP-Mdse Plan, Alloc&Ctrl, MIO	PO BOX 34216, CHARLOTTE NC 28234
Karen Anne Collins	officer: SVP-Tsry,Tax,Fin Pln,Tax,Cr,IR	PO BOX 34216, CHARLOTTE NC 28234
Theresa J Drew	director	ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Daniel Harding Stowe	director	CATO CORP, PO BOX 34216, CHARLOTTE NC 28234-4216
Abby Shearer	officer: SVP, General Merchandise Mgr	PO BOX 34216, CHARLOTTE NC 28234
Lewis Pamela S Dr	director	QUEENS UNIVERSITY OF CHARLOTTE, 1900 SELWYN AVENUE, CHARLOTTE NC 28274
Scott Gurvis	officer: SVP,Treasury, Fin Plan, Credit	PO BOX 34216, CHARLOTTE NC 28234
Weisiger, Jr Edward I	director	PO BOX 34216, CHARLOTTE NC 28234
Vickie Smith	officer: SVP, MERCH PLNG, ALLOC & CNTL	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Lisa Krows	officer: SVP, DESIGN, TREND & COLOR	PO BOX 34216, CHARLOTTE NC 28234
Cathy Bailey	officer: SVP, GMM (CATO DIV)	PO BOX 34216, CHARLOTTE NC 28234