Buckle Inc (BKE)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 889,810 | 837,579 | 780,884 | 845,814 | 867,890 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $889,810K
= 0.00
Based on the historical data provided, Buckle Inc has consistently maintained a debt-to-assets ratio of 0.00 for the past five years. This indicates that the company has not utilized any debt to finance its operations or investments relative to its total assets during this period. This can be viewed as a positive sign of financial strength and stability, as a lower debt-to-assets ratio suggests lower financial leverage and less exposure to financial risk. Buckle Inc's ability to operate without relying on debt financing demonstrates a strong financial position and potentially reduces interest expense, providing greater flexibility in managing future economic uncertainties or investment opportunities.
Peer comparison
Feb 3, 2024