BJs Wholesale Club Holdings Inc (BJ)

Debt-to-capital ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Long-term debt	US$ in thousands	—	398,432	—	—	447,880
Total stockholders’ equity	US$ in thousands	1,847,450	1,458,850	1,458,850	1,046,840	1,046,840
Debt-to-capital ratio		0.00	0.21	0.00	0.00	0.30

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,847,450K)
= 0.00

Based on the provided data for BJs Wholesale Club Holdings Inc, the debt-to-capital ratio has exhibited fluctuating trends over the specified time periods.

As of January 28, 2023, the debt-to-capital ratio stood at 0.30, indicating that 30% of the company's capital structure was financed through debt. However, subsequent to this date, there was a significant decline in the debt-to-capital ratio to 0.00 as of January 31, 2023 and January 31, 2024. A debt-to-capital ratio of 0.00 suggests that there was either no debt in the company's capital structure during these periods or the debt was negligible compared to total capital.

The ratio increased to 0.21 as of February 3, 2024, indicating that around 21% of the capital was funded by debt. This uptick may suggest a new debt issuance or changes in the capital structure during this period. Finally, as of January 31, 2025, the debt-to-capital ratio returned to 0.00, implying a similar scenario to the earlier periods with minimal or no debt component in the capital structure.

Overall, the fluctuating trend in the debt-to-capital ratio for BJs Wholesale Club Holdings Inc highlights varying levels of reliance on debt financing over the analyzed time frame. Further analysis would be required to understand the factors driving these fluctuations and their implications for the company's financial health and risk profile.