Boot Barn Holdings Inc (BOOT)
Financial leverage ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,705,590 | 1,517,380 | 1,199,860 | 933,581 | 924,711 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 776,450 | 599,676 | 394,891 | 321,693 |
| Financial leverage ratio | 1.81 | 1.95 | 2.00 | 2.36 | 2.87 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,705,590K ÷ $943,643K
= 1.81
The financial leverage ratio of Boot Barn Holdings Inc has shown a declining trend over the past five years. In fiscal year 2020, the ratio was at its highest level of 2.87, indicating a higher level of financial leverage or debt within the company's capital structure. Subsequently, the ratio has declined in each subsequent year, reaching 1.81 in fiscal year 2024.
A financial leverage ratio of 1.81 in fiscal year 2024 suggests that the company is utilizing less debt in its capital structure compared to previous years, indicating a lower level of financial risk and reliance on debt financing. This decrease in the ratio may signify a more conservative approach to leverage by the company, potentially reflecting improved financial stability and liquidity.
Overall, the decreasing trend in the financial leverage ratio of Boot Barn Holdings Inc implies a shift towards a more balanced and sustainable capital structure over the years, potentially enhancing the company's financial health and risk profile.
Peer comparison
Mar 31, 2024