Bath & Body Works Inc. (BBWI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -1,627,000 | -2,125,000 | -2,155,000 | -2,171,000 | -2,206,000 | -2,609,000 | -2,663,000 | -2,659,000 | -1,518,000 | -1,676,000 | -1,189,000 | -534,000 | -662,000 | -1,568,000 | -1,908,000 | -1,861,000 | -1,499,000 | -1,242,000 | -933,000 | -902,000 |
| Debt-to-capital ratio | 1.59 | 1.90 | 1.86 | 1.83 | 1.83 | 2.16 | 2.21 | 2.21 | 1.46 | 1.53 | 1.29 | 1.11 | 1.12 | 1.33 | 1.44 | 1.59 | 1.38 | 1.29 | 1.21 | 1.19 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,388,000K ÷ ($4,388,000K + $-1,627,000K)
= 1.59
The debt-to-capital ratio of Bath & Body Works Inc. has shown some fluctuations over the past few quarters. The ratio has ranged from a low of 1.11 in January 2021 to a high of 2.21 in July 2022 and April 2022. This indicates that the company has been utilizing debt as a significant portion of its capital structure, with debt representing a higher proportion of the total capital in those periods.
Overall, the trend in the debt-to-capital ratio suggests that Bath & Body Works Inc. has been moderately leveraged, with the ratio hovering around the 1.5 range in recent quarters. Investors and analysts may want to monitor the company's debt levels and assess its ability to manage debt obligations effectively, especially during periods of economic uncertainty or volatility in the retail industry.
Peer comparison
Feb 3, 2024