Abercrombie & Fitch Company (ANF)

Financial leverage ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total assets	US$ in thousands	2,974,230	2,713,100	2,939,490	3,314,900	3,549,660
Total stockholders’ equity	US$ in thousands	1,035,160	694,841	826,090	936,628	1,058,810
Financial leverage ratio		2.87	3.90	3.56	3.54	3.35

February 3, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,974,230K ÷ $1,035,160K
= 2.87

The financial leverage ratio for Abercrombie & Fitch Company has shown fluctuations over the past five years. The ratio declined from 3.35 in fiscal year 2020 to 3.54 in fiscal year 2021, before decreasing further to 3.56 in fiscal year 2022. However, in the most recent fiscal year, the financial leverage ratio saw a significant decrease to 2.87, indicating a lower level of financial leverage. This suggests that the company relied less on debt financing in the most recent period compared to the previous years. Analyzing this trend can provide insights into the company's capital structure decisions and overall financial health over the years.