BJs Wholesale Club Holdings Inc (BJ)

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	398,432	398,355	448,135	448,004	447,880	600,123	699,406	748,987	748,568	748,149	747,730	747,311	846,175	845,696	1,202,210	1,334,800	1,337,310	1,339,700	1,540,600	1,543,540
Total assets	US$ in thousands	6,677,620	6,837,240	6,603,900	6,494,500	6,349,960	6,478,900	6,387,240	6,010,000	5,668,890	5,710,240	5,347,600	5,449,210	5,411,530	5,482,280	5,294,020	5,328,070	5,269,780	5,478,080	5,152,090	5,226,720
Debt-to-assets ratio		0.06	0.06	0.07	0.07	0.07	0.09	0.11	0.12	0.13	0.13	0.14	0.14	0.16	0.15	0.23	0.25	0.25	0.24	0.30	0.30

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $398,432K ÷ $6,677,620K
= 0.06

The debt-to-assets ratio of BJs Wholesale Club Holdings Inc has been relatively stable over the past several quarters, ranging between 0.06 and 0.30. A lower debt-to-assets ratio indicates that the company relies less on debt financing and has a stronger financial position.

In recent quarters, the ratio has been below 0.15, suggesting that the company has a conservative approach to debt usage compared to its assets. However, there was a slight increase in the ratio in the most recent periods, reaching 0.30. This uptick may signal a potential increase in the company's reliance on debt financing or a decrease in asset value.

Overall, the trend in BJs Wholesale Club Holdings Inc's debt-to-assets ratio indicates that the company has maintained a relatively healthy balance between debt and assets, but the recent increase in the ratio warrants monitoring to assess its impact on the company's financial stability.