Boot Barn Holdings Inc (BOOT)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.78 | 1.85 | 1.84 | 1.81 | 1.95 | 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 |
Boot Barn Holdings Inc has consistently maintained a strong solvency position as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 across multiple reporting periods from June 30, 2020, to March 31, 2025. The debt-to-assets ratio indicates that the company's total debt is negligible in relation to its total assets, showcasing a healthy balance sheet structure.
Moreover, the financial leverage ratio, which measures the company's level of debt in relation to its equity, has shown a declining trend over the same period. Starting at 2.80 on June 30, 2020, the ratio steadily decreased to 1.78 by March 31, 2025. This decline suggests that Boot Barn Holdings has been reducing its reliance on debt financing in favor of equity, further bolstering its overall solvency position and reducing financial risk.
Overall, Boot Barn Holdings Inc's solvency ratios reflect a conservative and prudent approach to managing its debt levels, indicating a stable financial position and a strong ability to meet its financial obligations in the long term.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 161.40 | 156.15 | 128.83 | 120.80 | 82.58 | 51.87 | 34.26 | 26.84 | 29.17 | 36.46 | 46.41 | 55.52 | 38.14 | 30.51 | 21.93 | 14.80 | 9.18 | 6.17 | 5.09 | 4.93 |
Interest coverage ratio is a financial metric that measures a company's ability to cover its interest payments on outstanding debt with its earnings before interest and taxes (EBIT).
Analyzing the interest coverage ratio trend of Boot Barn Holdings Inc based on the provided data:
- The interest coverage ratio has shown a consistent increasing trend from June 30, 2020, until March 31, 2025.
- The interest coverage ratio has improved significantly over the years, starting at 4.93 on June 30, 2020, and reaching a high of 161.40 on March 31, 2025.
- The company's ability to cover its interest payments has strengthened over time, indicating a healthier financial position.
- A higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations from its operating income.
- The increasing trend in the interest coverage ratio indicates improved financial performance and stability for Boot Barn Holdings Inc.
- A consistently high interest coverage ratio reflects the company's efficient management of its debt and operational earnings, reducing its financial risk.
Overall, the interest coverage ratio analysis indicates positive financial health and stability for Boot Barn Holdings Inc, as the company's ability to service its interest payments has significantly improved over the years.