Foot Locker (Foot Locker) Debt-to-Equity : 1.02 (As of Jan. 2024)

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What is Foot Locker Debt-to-Equity?

Foot Locker's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $497 Mil. Foot Locker's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2,446 Mil. Foot Locker's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,890 Mil. Foot Locker's debt to equity for the quarter that ended in Jan. 2024 was 1.02.

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

FL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.52 Max: 1.34
Current: 1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Foot Locker was 1.34. The lowest was 0.05. And the median was 0.52.

FL's Debt-to-Equity is ranked worse than
67.63% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs FL: 1.02

Foot Locker Debt-to-Equity Historical Data

The historical data trend for Foot Locker'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.

Foot Locker Debt-to-Equity Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.34

1.15

1.05

0.98

1.02

Foot Locker 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	Get a 7-Day Free Trial															0.98	0.95	0.93	0.92	1.02

Competitive Comparison of Foot Locker's Debt-to-Equity

For the Apparel Retail subindustry, Foot Locker'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.

Foot Locker's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Foot Locker Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foot Locker'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
	=	(497	+	2446)	/	2890
	=	1.02

Foot Locker'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
	=	(497	+	2446)	/	2890
	=	1.02

Foot Locker (NYSE:FL) 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.

Foot Locker Debt-to-Equity Related Terms

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

Foot Locker (Foot Locker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (NYSE:FL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FL:Mexico WOO:Germany FOOT:Austria

Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

Executives

Mary N Dillon	director, officer: President & CEO	ULTA BEAUTY, INC., 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440
Jennifer Kraft	officer: EVP and General Counsel	C/O FOOT LOCKER, INC., NEW YORK NY 10001
Michael Baughn	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 140 FOUNTAIN PARKWAY, ST. PETERSBURG FL 33716
Robert Higginbotham	officer: Interim CFO	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
John A Maurer	officer: VP, Treasurer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Giovanna Cipriano	officer: SVP & Chief Accounting Officer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Todd Greener	officer: SVP, Global Supply Chain	330 WEST 34TH STREET, NEW YORK NY 10001
Richard A Johnson	director, officer: President & CEO	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Rosalind Reeves	officer: EVP, Chief HR Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Elliott Rodgers	officer: EVP, Chief Operations Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Vesa Equity Investment S.a R.l.	10 percent owner	2, PLACE DE PARIS, LUXEMBOURG N4 L-2314
Nitin Neil Bansal	officer: EVP,Chief Strat&Transform Off	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Andrew E Page	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Samantha Lomow	officer: President, Global Brands	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Virginia Drosos	director	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11