Dick's Sporting Goods (STU:DSG) LT-Debt-to-Total-Asset : 0.38 (As of Oct. 2024)

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What is Dick's Sporting Goods LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Dick's Sporting Goods's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.38.

Dick's Sporting Goods's long-term debt to total assets ratio declined from Oct. 2023 (0.40) to Oct. 2024 (0.38). It may suggest that Dick's Sporting Goods is progressively becoming less dependent on debt to grow their business.

Dick's Sporting Goods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dick's Sporting Goods's LT-Debt-to-Total-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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Dick's Sporting Goods LT-Debt-to-Total-Asset Chart

Dick's Sporting Goods Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.40

0.35

0.45

0.41

Dick's Sporting Goods Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.41	0.39	0.39	0.38

Dick's Sporting Goods LT-Debt-to-Total-Asset Calculation

Dick's Sporting Goods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	3461.754	/	8548.188
	=	0.40

Dick's Sporting Goods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	3645.633	/	9594.762
	=	0.38

Dick's Sporting Goods (STU:DSG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Dick's Sporting Goods LT-Debt-to-Total-Asset Related Terms

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Dick's Sporting Goods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dick's Sporting Goods Inc (STU:DSG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DKS:USA

Address

345 Court Street, Coraopolis, PA, USA, 15108

Website

https://www.dickssportinggoods.com

Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 730 stores under its namesake brand (including outlet stores and House of Sport), and about 140 specialty stores under the Golf Galaxy and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chair and controlling shareholder Edward Stack.