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Ulta Beauty, Inc. ULTA Debt-to-assets

Debt-to-assets at other companies

Walmart
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Walmart WMT
0.3×0.0×
Amazon logo
AmazonAMZN
0.3×0.0×
Estee Lauder Companies Inc. logo
Estee Lauder Companies Inc.EL
0.4×0.0×
Church & Dwight logo
Church & DwightCHD
0.3×0.0×
Kenvue logo
KenvueKVUE
0.3×0.0×
Clorox logo
CloroxCLX
0.7×+0.2×

Other financials

Income statement

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Revenue$3.2B+11.1%
Gross profit$1.3B+13.8%
Operating income$448.3M+11.6%
Net income$340.5M+11.6%
EPS (diluted)$7.74+15.5%

Balance sheet

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Cash & equivalents$166.3M-63.4%
Total debt$2.3B+16.6%
Total equity$2.6B+6.2%
Total assets$6.9B+15.2%

Cash flow

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Operating cash flow$261.9M+19.0%
CapEx$58.3M-26.3%
Free cash flow$203.6M+44.4%

Valuation

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Market cap$19.61B+16.5%
Enterprise value$21.74B+18.3%
P/E16.5×+2.4×
P/S1.5×+0.1×

Profitability

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Gross margin39.3%+0.5pp
Operating margin12.4%-1.3pp
Net margin9.4%-1.1pp
FCF margin9.5%

Returns & leverage

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Return on equity47.4%-3.0pp
Debt / equity0.9×+0.1×
Current ratio1.3×-0.4×

Where this comes from

Calculated from Ulta Beauty, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Ulta Beauty, Inc.’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ulta Beauty, Inc.'s debt-to-assets?
Ulta Beauty, Inc. (ULTA) reported debt-to-assets of 0.3× in Q1 2026.
How has Ulta Beauty, Inc.'s debt-to-assets changed year-over-year?
Ulta Beauty, Inc.'s debt-to-assets increased by 1.2% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Ulta Beauty, Inc.'s debt-to-assets?
Over 5 years (2020 to 2025), Ulta Beauty, Inc.'s debt-to-assets has grown at a -3.5% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.