Buckle Inc (BKE)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.00 | 2.05 | 2.09 | 2.15 | 2.15 | 1.94 | 1.94 | 1.97 | 1.97 | 2.10 | 2.10 | 2.23 | 2.23 | 2.03 | 2.03 | 2.08 | 2.08 | 2.23 | 2.50 |
Buckle Inc has consistently maintained a strong solvency position over the years as indicated by its low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio. These ratios have all remained at 0.00, indicating that the company has no debt relative to its assets, capital, and equity.
The financial leverage ratio, which provides insight into the level of debt in relation to equity, has shown some fluctuations over the years but generally remains at a moderate level. The ratio ranged between 1.94 and 2.50, with the lowest value suggesting a decreasing reliance on debt over time.
Overall, Buckle Inc's solvency ratios paint a picture of a company with a solid financial foundation and low debt levels, which could indicate a conservative approach to managing its financial obligations.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | 90.37 | 95.40 | 102.31 | 89.64 | — | 73.69 | — | 28.93 | 17.27 | 15.97 | 12.01 | 12.18 | 12.42 | 13.09 | 14.37 | 15.63 | 21.39 | 29.75 |
Interest coverage is a crucial financial ratio that indicates a company's ability to meet its interest obligations based on its earnings. For Buckle Inc, the interest coverage ratio has fluctuated over the reporting periods provided.
As of January 31, 2022, Buckle Inc had an interest coverage ratio of 29.75, indicating that the company's earnings were sufficient to cover its interest expenses almost 30 times over. This high ratio suggests a strong financial position with the ability to easily meet its interest obligations.
However, the interest coverage ratio gradually decreased in the subsequent periods, reaching its lowest point on January 31, 2025, where the ratio was not provided ("—"). This could indicate a decrease in earnings relative to interest expenses, potentially signaling a higher financial risk for the company.
It is important to note that the interest coverage ratios can fluctuate due to varying levels of profitability and interest expenses. A decreasing trend in the interest coverage ratio may raise concerns about the company's ability to service its debt in the long run.
Overall, investors and stakeholders should closely monitor Buckle Inc's interest coverage ratio to assess the company's financial health and ability to manage its debt obligations effectively.