Five Below Inc (FIVE)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.40 | 2.59 | 2.50 | 2.49 | 2.44 | 2.44 | 2.65 | 2.65 | 2.46 | 2.46 | 2.44 | 2.44 | 2.44 | 2.44 | 2.67 | 2.67 | 2.65 | 2.65 | 2.66 | 2.57 |
Five Below Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 over the past several years. This suggests that the company has minimal debt in relation to its assets, capital, and equity, demonstrating a low level of financial risk and a solid financial structure.
Additionally, the financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, has shown slight fluctuations but generally remained relatively stable around 2.5. This indicates that Five Below has a reasonable level of financial leverage and is effectively managing its debt.
Overall, the solvency ratios suggest that Five Below Inc is in a healthy financial position and is well-equipped to meet its financial obligations while maintaining financial stability and flexibility.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | 168.51 | 161.55 | 156.05 | 98.51 | — | 48.18 | — | 171.71 | 124.74 | 453.24 | 93.70 | 100.79 | 133.12 | 192.62 | 299.71 | 306.18 | 33.47 | 17.86 |
Five Below Inc's interest coverage ratio has shown fluctuating values over the periods provided in the data. The interest coverage ratio is a measure of a company's ability to cover its interest expenses with its operating income.
On January 31, 2022, the interest coverage ratio was 17.86, indicating that the company's operating income was almost 18 times higher than its interest expenses. This suggests that Five Below had a comfortable cushion to meet its interest obligations.
The ratio improved significantly by April 29, 2023, with a high interest coverage ratio of 453.24. This substantial increase signifies a strong ability to cover interest payments, reflecting positively on the company's financial health during this period.
However, there were instances where the interest coverage ratio dropped notably, such as on October 31, 2022 (133.12), and January 31, 2023 (93.70). These lower ratios could indicate potential challenges in meeting interest obligations with operating income during those periods.
It is noteworthy that in some periods, the interest coverage ratio was not provided, represented by a dash (—), which could imply data unavailability or specific circumstances affecting the calculation.
Overall, the trend in Five Below Inc's interest coverage ratio shows variations, with periods of strong coverage and slight declines. Continuous monitoring of this ratio will be crucial to assess the company's ability to meet its interest obligations in the future.