Burlington Stores Inc (BURL)
Solvency ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 7.73 | 8.81 | 8.37 | 8.74 | 9.15 | 11.12 | 10.62 | 9.68 | 9.32 | 10.15 | 10.35 | 13.06 | 14.59 | 24.11 | 24.29 | 23.79 | 10.59 | 14.06 | 16.01 | 18.18 |
The solvency ratios of Burlington Stores Inc, specifically the Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio, show consistently low levels of debt relative to assets, capital, and equity from February 3, 2024, through May 4, 2019. The Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios remain at 0.00 during this period, indicating an absence of debt financing in relation to the company's total assets, capital structure, and shareholder equity.
While the company's debt levels are low, the Financial leverage ratio fluctuates significantly over the observed period, ranging from 7.73 to 24.29. This ratio peaked at 24.29 on October 31, 2020, indicating a higher degree of financial leverage at that point. However, it declined to lower levels in subsequent periods.
Overall, despite the fluctuations in the Financial leverage ratio, the consistently low Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios suggest that Burlington Stores Inc has maintained a conservative approach to debt management and has a strong solvency position during the analyzed period.
Coverage ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 109.69 | 134.02 | 93.82 | 82.42 | 70.11 | 49.83 | 50.20 | 70.68 | 95.13 | 90.82 | 88.42 | 50.54 | -82.97 | -83.38 | -63.78 | -12.94 | 171.64 | 211.97 | 226.90 | 241.90 |
The interest coverage ratio for Burlington Stores Inc has exhibited significant fluctuations over the past few quarters, ranging from negative values to substantial positive figures. The company's ability to cover its interest obligations with its operating income peaked at 241.90 in May 2019, indicating strong financial health. However, this ratio deteriorated sharply thereafter, with negative values in January and October 2021, suggesting potential financial distress.
While the interest coverage ratio recovered in the most recent quarters, reaching 109.69 in February 2024, it is essential to monitor this metric closely to assess Burlington Stores Inc's ability to meet its interest payments. The varying levels of interest coverage reflect the company's changing financial performance and underscore the importance of sustainable earnings generation to support debt obligations.