Five Below Inc (FIVE)
Solvency ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.44 | 2.65 | 2.46 | 2.44 | 2.44 | 2.67 | 2.65 | 2.66 | 2.57 | 2.73 | 2.62 | 2.63 | 2.62 | 2.90 | 2.76 | 2.80 | 2.58 | 2.84 | 2.55 | 2.50 |
Five Below Inc has consistently maintained a low level of leverage over the past few years, as indicated by its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00, indicating that the company has not utilized debt to finance its operations and investments.
The financial leverage ratio, which measures the extent to which a company relies on debt to finance its assets, has shown some fluctuations but generally hovers around 2.50 to 2.90. This suggests that Five Below relies more on equity financing rather than debt, which can be seen as a positive sign of financial stability and solvency.
Overall, the solvency ratios indicate that Five Below Inc has a solid financial position and limited financial risk, as the company has not taken on significant debt to support its operations.
Coverage ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | 116.37 | 232.46 | 28.65 | 28.83 | 28.83 | 27.03 | 100.30 | 101.78 | 76.56 | 79.03 | 68.09 | 44.01 | 50.71 | 17.71 | 20.32 | 19.79 |
The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. Five Below Inc's interest coverage ratio has fluctuated over the periods provided. In the latest reported period, the interest coverage ratio was not available.
For the periods where data is available, there is variability in the interest coverage ratio. In some quarters, the ratio was as high as 232.46, indicating a strong ability to cover interest payments with operating income. However, in other quarters, the ratio was lower, indicating a lower ability to cover interest expenses.
Overall, the interest coverage ratio for Five Below Inc has shown both strong and weaker periods. It is important for investors and analysts to monitor this ratio to assess the company's financial health and ability to meet its debt obligations.