Chewy Inc (CHWY)
Financial leverage ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,014,530 | 2,957,900 | 2,957,900 | 3,102,490 | 3,102,490 | 3,201,050 | 3,201,050 | 3,420,930 | 3,186,850 | 2,936,480 | 2,936,480 | 2,904,010 | 2,904,010 | 2,738,340 | 2,515,080 | 2,519,820 | 2,491,160 | 2,491,160 | 2,368,510 | 2,190,040 |
| Total stockholders’ equity | US$ in thousands | 261,459 | 223,422 | 223,422 | 486,749 | 486,749 | 642,916 | 642,916 | 510,244 | 510,244 | 393,167 | 396,590 | 364,629 | 367,613 | 282,365 | 213,957 | 160,268 | 163,955 | 163,955 | 117,391 | 58,610 |
| Financial leverage ratio | 11.53 | 13.24 | 13.24 | 6.37 | 6.37 | 4.98 | 4.98 | 6.70 | 6.25 | 7.47 | 7.40 | 7.96 | 7.90 | 9.70 | 11.76 | 15.72 | 15.19 | 15.19 | 20.18 | 37.37 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,014,530K ÷ $261,459K
= 11.53
The financial leverage ratio of Chewy Inc has shown a downward trend over the period analyzed. Starting at 37.37 on May 1, 2022, the ratio decreased to 11.53 as of January 31, 2025. This indicates that the company has been reducing its reliance on debt financing relative to equity in its capital structure. A decreasing financial leverage ratio is generally considered positive as it signifies a lower level of financial risk and greater financial stability for the company. Chewy Inc's decreasing trend in the financial leverage ratio suggests that it has been effectively managing its debt levels and optimizing its capital structure over the period.
Peer comparison
Jan 31, 2025