Chewy Inc (CHWY)
Debt-to-assets ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,186,850 | 2,519,820 | 2,086,280 | 1,740,910 | 932,321 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,186,850K
= 0.00
Based on the data provided for Chewy Inc's debt-to-assets ratio over the past five years, it is evident that the ratio has consistently remained at 0.00 for each year. This indicates that Chewy Inc has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, indicating a strong financial position with low financial risk associated with debt. However, it is important to note that while a low debt-to-assets ratio may indicate financial stability, it also suggests limited leverage for potential growth opportunities. Overall, Chewy Inc's consistent debt-to-assets ratio of 0.00 showcases financial prudence and effective management of capital structure to support its operations.
Peer comparison
Jan 28, 2024