Bath & Body Works Inc. (BBWI)
Debt-to-assets ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,388,000 | 4,497,000 | 4,668,000 | 4,781,000 | 4,862,000 | 4,860,000 | 4,858,000 | 4,856,000 | 4,854,000 | 4,852,000 | 5,346,000 | 5,344,000 | 6,366,000 | 6,364,000 | 6,269,000 | 5,034,000 | 5,487,000 | 5,477,000 | 5,475,000 | 5,749,000 |
| Total assets | US$ in thousands | 5,463,000 | 5,243,000 | 5,195,000 | 5,363,000 | 5,494,000 | 5,133,000 | 4,901,000 | 4,860,000 | 6,026,000 | 6,031,000 | 10,392,000 | 10,546,000 | 11,571,000 | 11,161,000 | 10,880,000 | 9,439,000 | 10,125,000 | 10,630,000 | 10,618,000 | 10,998,000 |
| Debt-to-assets ratio | 0.80 | 0.86 | 0.90 | 0.89 | 0.88 | 0.95 | 0.99 | 1.00 | 0.81 | 0.80 | 0.51 | 0.51 | 0.55 | 0.57 | 0.58 | 0.53 | 0.54 | 0.52 | 0.52 | 0.52 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,388,000K ÷ $5,463,000K
= 0.80
The debt-to-assets ratio of Bath & Body Works Inc. has fluctuated over the past few years, ranging from 0.51 to 1.00. A higher ratio indicates a greater proportion of debt compared to assets, which can signify higher financial risk and leverage.
From February 3, 2024, to July 30, 2022, the ratio generally trended upwards, peaking at 1.00 in April 30, 2022. This suggests an increasing reliance on debt financing compared to the company's assets during this period.
Subsequently, there was a slight decrease in the ratio from April 30, 2022, to October 31, 2023, before it increased again. The ratio remained above 0.80 in the most recent data point, February 3, 2024, indicating that the company still has a significant amount of debt in relation to its assets.
Overall, monitoring the debt-to-assets ratio of Bath & Body Works Inc. over time will be crucial to assess the company's financial leverage, risk exposure, and ability to meet its debt obligations.
Peer comparison
Feb 3, 2024