BJs Wholesale Club Holdings Inc (BJ)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,458,850	1,353,700	1,231,290	1,131,730	1,046,840	942,875	853,591	721,342	648,108	567,736	488,352	413,524	319,327	217,378	119,101	32,497	-54,344	-104,486	-164,586	-148,309
Debt-to-equity ratio		0.27	0.29	0.36	0.40	0.43	0.64	0.82	1.04	1.16	1.32	1.53	1.81	2.65	3.89	10.09	41.07	—	—	—	—

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $398,432K ÷ $1,458,850K
= 0.27

The debt-to-equity ratio of BJs Wholesale Club Holdings Inc has shown an increasing trend over the past few quarters, indicating a higher reliance on debt financing compared to equity. The ratio was relatively low at 0.27 in February 2024 but has fluctuated in subsequent periods, reaching a peak of 41.07 in May 2020. This sharp increase in the debt-to-equity ratio in mid-2020 could raise concerns about the company's financial leverage and potential risk exposure. However, the ratio has shown some moderation since then but remains elevated, standing at 0.36 in July 2023. The company should continue to monitor and manage its debt levels to ensure a sustainable capital structure and financial health.