Lowe's (MIL:1LOW) Debt-to-Asset : 0.89 (As of Oct. 2024)

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What is Lowe's Debt-to-Asset?

Lowe's's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was €2,821 Mil. Lowe's's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was €33,642 Mil. Lowe's's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2024 was €41,074 Mil. Lowe's's debt to asset for the quarter that ended in Oct. 2024 was 0.89.

Lowe's Debt-to-Asset Historical Data

The historical data trend for Lowe's's Debt-to-Asset 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.

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Lowe's Debt-to-Asset Chart

Lowe's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Asset

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0.60

0.56

0.66

0.87

0.96

Lowe's Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Asset	Get a 7-Day Free Trial															0.94	0.96	0.89	0.90	0.89

Competitive Comparison of Lowe's's Debt-to-Asset

For the Home Improvement Retail subindustry, Lowe's's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Retail - Cyclical Industry

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

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

Lowe's Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lowe's's Debt-to-Asset for the fiscal year that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(940.032	+	35913.078)	/	38367.81
	=	0.96

Lowe's's Debt-to-Asset for the quarter that ended in Oct. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2821.014	+	33641.946)	/	41074.074
	=	0.89

Lowe's (MIL:1LOW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lowe's Debt-to-Asset Related Terms

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Lowe's Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lowe's Companies Inc (MIL:1LOW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

LOW:USA LOW:Mexico 0JVQ:UK LWE:Germany LWE:Germany LOWC34:Brazil LOWE:Austria

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 primarily targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers, but has expanded its commercial and professional business clients to 25% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

Lowe's Headlines

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