BJs Wholesale Club Holdings Inc (BJ)
Financial leverage ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,677,620 | 6,349,960 | 5,668,890 | 5,411,530 | 5,269,780 |
| Total stockholders’ equity | US$ in thousands | 1,458,850 | 1,046,840 | 648,108 | 319,327 | -54,344 |
| Financial leverage ratio | 4.58 | 6.07 | 8.75 | 16.95 | — |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,677,620K ÷ $1,458,850K
= 4.58
The financial leverage ratio of BJ's Wholesale Club Holdings Inc has shown a decreasing trend over the past few years. With a ratio of 4.58 in 2024, compared to 6.07 in 2023, 8.75 in 2022, and 16.95 in 2021, the company has gradually reduced its reliance on debt to finance its operations and growth. This indicates a stronger financial position and lower risk of financial distress for the company. However, it's worth noting that the ratio for 2020 is not available in the data provided, making it difficult to track the full trend. Overall, the decreasing trend in the financial leverage ratio is a positive sign for the company's financial stability and sustainability.
Peer comparison
Feb 3, 2024