Buckle Inc (BKE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.15 | 1.94 | 1.97 | 2.10 | 2.23 | 2.03 | 2.08 | 2.23 | 2.50 | 1.89 | 1.95 | 2.08 | 2.13 | 2.03 | 2.07 | 2.12 | 2.23 | 2.15 | 2.16 | 2.21 |
Buckle Inc has consistently exhibited a strong solvency position based on its solvency ratios over the past several quarters. The company has maintained a debt-to-assets ratio of 0.00, indicating that it has not relied on debt to finance its assets. Similarly, the debt-to-capital and debt-to-equity ratios have also remained at 0.00, reflecting a conservative financial structure with minimal debt obligations.
The financial leverage ratio of Buckle Inc has fluctuated slightly over the past quarters, ranging from 1.89 to 2.50. This ratio indicates that the company is utilizing leverage in its capital structure, with an average financial leverage ratio of around 2.10. Despite this leverage, Buckle Inc's ability to cover its debt obligations appears solid, given the absence of debt in relation to assets, capital, and equity.
Overall, Buckle Inc's solvency ratios suggest a financially stable and sound position, with a low reliance on debt to fund its operations and an efficient use of leverage to support its growth and profitability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 44.88 | 23.74 | 17.13 | 12.73 | 14.41 | 20.09 | 30.08 | 52.03 | — | — | — | — | — | — | — | — | 378.01 | 356.44 | 358.16 |
Interest coverage ratio measures a company's ability to pay interest expenses on its debt with its earnings before interest and taxes (EBIT). A higher ratio indicates that the company is more capable of servicing its interest obligations.
Based on the data provided for Buckle Inc, the interest coverage ratio fluctuated over the period. In the most recent data available, the company had an interest coverage ratio of 44.88, indicating that it earned 44.88 times more in EBIT than what it needed to cover its interest expenses. This suggests a strong ability to meet its interest obligations.
Looking at the trend, there was a steady increase in the interest coverage ratio from April 2020 to January 2022, reaching a peak of 52.03 in January 2022. This trend indicates improving financial health and a better ability to service debt.
While there are missing data points in the table, the available numbers showcase a generally healthy interest coverage ratio for Buckle Inc during the analyzed period. However, it's important to note that an interest coverage ratio above 1 is generally considered acceptable, but higher ratios are preferred as they indicate a lower risk of default on interest payments.