Five Below Inc (FIVE)
Solvency ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 0.01 | 2.44 | 2.44 | 2.44 | 2.44 |
Five Below Inc demonstrates strong solvency ratios based on the provided data. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 across multiple reporting periods, indicating that the company has no significant debt obligations in relation to its total assets, capital, or equity.
Furthermore, the financial leverage ratio decreased significantly from 2.44 to 0.01 from January 31, 2024, to January 31, 2025. This decrease suggests that the company has substantially reduced its reliance on debt to finance its operations and is now operating with a much lower level of financial leverage.
Overall, the strong performance of solvency ratios for Five Below Inc reflects a healthy financial position and low financial risk, indicating the company's ability to meet its financial obligations and sustain its operations in the long term without being heavily burdened by debt.
Coverage ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | 138.52 | 138.52 |
The interest coverage ratio for Five Below Inc has been consistently strong, standing at 138.52 as of January 28, 2023, and maintaining the same level on January 31, 2023. This indicates that the company's operating income is robust enough to cover its interest expenses nearly 139 times over, highlighting a healthy financial position and a lower risk of default on interest payments. However, it is important to note that the data is not available for the subsequent years, January 31, 2024, February 3, 2024, and January 31, 2025. Monitoring this ratio in future periods will be essential to assess the company's ability to meet its interest obligations and manage its debt effectively.