Boot Barn Holdings Inc (BOOT)
Financial leverage ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,705,590 | 1,673,500 | 1,578,210 | 1,506,470 | 1,517,380 | 1,512,450 | 1,485,940 | 1,321,220 | 1,199,860 | 1,187,980 | 1,037,420 | 950,495 | 933,581 | 892,172 | 864,306 | 903,453 | 924,711 | 876,835 | 862,818 | 810,601 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 910,945 | 852,386 | 813,696 | 776,450 | 729,210 | 673,937 | 639,534 | 599,676 | 553,279 | 481,257 | 439,877 | 394,891 | 362,608 | 330,034 | 322,546 | 321,693 | 313,939 | 285,149 | 275,695 |
| Financial leverage ratio | 1.81 | 1.84 | 1.85 | 1.85 | 1.95 | 2.07 | 2.20 | 2.07 | 2.00 | 2.15 | 2.16 | 2.16 | 2.36 | 2.46 | 2.62 | 2.80 | 2.87 | 2.79 | 3.03 | 2.94 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,705,590K ÷ $943,643K
= 1.81
Boot Barn Holdings Inc's financial leverage ratio has shown fluctuations over the past few quarters, ranging from 1.81 to 3.03. The ratio peaked at 3.03 in the third quarter of 2019 and has since decreased but remained above 2 consistently. A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure.
The upward trend in the ratio from 2019 to 2021 suggests an increasing reliance on debt to finance operations or growth initiatives. However, there was a slight decrease in the ratio in recent quarters, indicating a potential reduction in debt levels or an increase in equity.
It is important to monitor the financial leverage ratio closely to ensure that the company maintains a healthy balance between debt and equity financing. High levels of debt can lead to increased financial risk and may impact the company's ability to meet its financial obligations in the long term.
Peer comparison
Mar 31, 2024