Chewy Inc (CHWY)
Financial leverage ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,186,850 | 2,519,820 | 2,086,280 | 1,740,910 | 932,321 |
| Total stockholders’ equity | US$ in thousands | 510,244 | 160,268 | 14,736 | -2,004 | -403,974 |
| Financial leverage ratio | 6.25 | 15.72 | 141.58 | — | — |
January 28, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,186,850K ÷ $510,244K
= 6.25
The financial leverage ratio of Chewy Inc has shown a significant fluctuation over the years, with a notable decrease from 141.58 in January 2022 to 15.72 in January 2023, and a further decline to 6.25 in January 2024. This decreasing trend indicates a reduction in the company's reliance on debt to finance its operations and investments. A lower financial leverage ratio generally suggests a lower financial risk and greater financial stability for the company. It is important to note the lack of data for January 31, 2021 and February 2, 2020, which limits the ability to track the ratio's progression consistently. Overall, the declining financial leverage ratio trend for Chewy Inc is a positive indicator of improved financial health and risk management.
Peer comparison
Jan 28, 2024