Buckle Inc (BKE)

Financial leverage ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total assets	US$ in thousands	889,810	837,579	780,884	845,814	867,890
Total stockholders’ equity	US$ in thousands	413,220	376,314	312,924	396,629	389,148
Financial leverage ratio		2.15	2.23	2.50	2.13	2.23

February 3, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $889,810K ÷ $413,220K
= 2.15

The financial leverage ratio of Buckle Inc has shown fluctuations over the past five years. The ratio decreased from 2.50 in January 2022 to 2.13 in January 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, the ratio then increased to 2.23 in February 2020 before settling at 2.15 in February 2024, suggesting that Buckle Inc has maintained a moderate level of financial leverage in recent years. Overall, the trend in the financial leverage ratio indicates that the company has been managing its debt levels effectively and has not significantly deviated from its average leverage position during this period.