Boot Barn Holdings Inc (BOOT)
Solvency ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.12 | 0.12 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.22 | 0.25 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.28 | 0.34 |
| Financial leverage ratio | 1.81 | 1.95 | 2.00 | 2.36 | 2.87 |
Boot Barn Holdings Inc has consistently maintained a low level of debt relative to its assets over the past five years, as evidenced by the debt-to-assets ratio of 0.00 for each year. This indicates that the company's assets are predominantly financed through equity rather than debt.
Similarly, the company has shown a strong solvency position with respect to its capital structure, as reflected by the debt-to-capital ratio consistently at 0.00 over the same period. This suggests that Boot Barn has not relied heavily on debt to fund its operations and investments.
The debt-to-equity ratio has also been maintained at 0.00 across the years, indicating that the company has no debt relative to its equity. This signifies a robust financial position with a strong equity base supporting the company's operations and growth.
Additionally, the financial leverage ratio has shown a decreasing trend over the years, decreasing from 2.87 in 2020 to 1.81 in 2024. This indicates a reduction in the company's reliance on debt financing, which has led to a lower level of financial leverage and improved financial stability.
Overall, based on the solvency ratios analyzed, Boot Barn Holdings Inc appears to have a strong and stable financial position with minimal debt levels relative to its assets, capital, and equity. This could imply a healthy financial performance and the ability to weather financial challenges effectively.
Coverage ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 294.96 | 325.09 | 333.77 | 108.59 | 93.25 |
Boot Barn Holdings Inc's interest coverage has demonstrated a positive trend over the past five years, indicating the company's improving ability to cover its interest expenses with its operating income. The interest coverage ratio stood at 294.96 for the most recent period, which signifies a significant increase from the previous years, showcasing a strong financial position. This consistent improvement suggests that the company has been effectively managing its debt obligations and generating sufficient operating income to comfortably meet its interest payments. Overall, the rising trend in the interest coverage ratio reflects a positive financial performance and enhanced stability for Boot Barn Holdings Inc.