Chewy Inc (CHWY)
Financial leverage ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,957,900 | 3,102,490 | 3,201,050 | 3,186,850 | 2,936,480 | 2,904,010 | 2,738,340 | 2,519,820 | 2,491,160 | 2,368,510 | 2,190,040 | 2,086,280 | 2,195,480 | 2,018,360 | 1,898,530 | 1,740,910 | 1,643,240 | 1,144,840 | 1,123,370 | 932,321 |
| Total stockholders’ equity | US$ in thousands | 223,422 | 486,749 | 642,916 | 510,244 | 396,590 | 367,613 | 229,354 | 160,268 | 163,955 | 117,391 | 58,610 | 14,736 | 66,020 | 75,053 | 69,022 | -2,004 | -56,421 | -377,612 | -396,535 | -403,974 |
| Financial leverage ratio | 13.24 | 6.37 | 4.98 | 6.25 | 7.40 | 7.90 | 11.94 | 15.72 | 15.19 | 20.18 | 37.37 | 141.58 | 33.25 | 26.89 | 27.51 | — | — | — | — | — |
October 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,957,900K ÷ $223,422K
= 13.24
The financial leverage ratio of Chewy Inc has shown significant fluctuations over the periods analyzed. The ratio ranged from a low of 4.98 to a high of 141.58, indicating notable changes in the company's capital structure and the proportion of debt in its financing mix.
The sharp increase in the financial leverage ratio to 141.58 in January 2022 suggests a substantial reliance on debt to finance its operations at that time. This could potentially signal higher financial risk and leverage within the company's capital structure.
Subsequently, the ratio decreased in the following periods but remained elevated compared to the earlier periods, indicating that Chewy Inc continued to maintain a relatively high level of financial leverage.
Overall, the fluctuating nature of the financial leverage ratio for Chewy Inc highlights the company's dynamic approach to capital structure management and the potential implications for its financial risk profile. It would be crucial to monitor this ratio over time to assess the company's long-term financial stability and risk management strategies.
Peer comparison
Oct 27, 2024