BJs Wholesale Club Holdings Inc (BJ)

Debt-to-capital ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Long-term debt	US$ in thousands	—	—	—	—	398,432	—	—	398,355	—	448,135	—	448,004	—	447,880	—	600,123	—	699,406	—	—
Total stockholders’ equity	US$ in thousands	1,847,450	1,762,170	1,654,910	1,527,420	1,458,850	1,458,850	1,353,700	1,353,700	1,231,290	1,231,290	1,131,730	1,131,730	1,046,840	1,046,840	942,875	942,875	853,591	853,591	721,342	648,108
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.21	0.00	0.00	0.23	0.00	0.27	0.00	0.28	0.00	0.30	0.00	0.39	0.00	0.45	0.00	0.00

January 31, 2025 calculation

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

BJs Wholesale Club Holdings Inc has been consistently maintaining a low debt-to-capital ratio over the past few years based on the provided data. As of January 31, 2022, and in subsequent periods up to January 31, 2025, the company's debt-to-capital ratio has been reported at zero or near-zero levels. This indicates that the company has little to no debt relative to its total capital structure during these periods.

However, there was a slight increase in the debt-to-capital ratio to 0.45 as of July 30, 2022, followed by a decline to 0.39 on October 29, 2022. Subsequently, the ratio decreased further to 0.30 as of January 28, 2023, and continued to show a downward trend in the following quarters.

The consistent low-to-zero debt-to-capital ratio suggests that BJs Wholesale Club Holdings Inc has been effectively managing its debt levels and maintaining a healthy capital structure. This may indicate a lower financial risk for the company, as it is not heavily reliant on debt financing to fund its operations and investments.