Burlington Stores Inc (BURL)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,706,840 | 7,269,600 | 7,089,510 | 6,781,090 | 5,593,860 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,706,840K
= 0.00
The debt-to-assets ratio for Burlington Stores Inc has been consistently reported as 0.00 for the last five fiscal years (Feb 3, 2024, Jan 28, 2023, Jan 29, 2022, Jan 30, 2021, and Feb 1, 2020). A debt-to-assets ratio of 0.00 indicates that the company has not had any debt relative to its total assets during these periods. This could imply that Burlington Stores Inc relies more on equity financing rather than debt financing to fund its operations and growth. It suggests a conservative financial strategy that minimizes financial risk related to debt, which could be viewed positively by investors and creditors. However, it is important to note that a very low or zero debt-to-assets ratio could also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's overall financial structure and capital allocation strategy would provide a more comprehensive understanding of its financial health and risk management practices.
Peer comparison
Feb 3, 2024