Ollie's Bargain Outlet Hldg (OLLI)
Solvency ratios
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|
| 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 | 1.52 | 1.50 | 1.53 | 1.50 | 1.51 |
Ollie's Bargain Outlet Hldg has consistently maintained a low level of debt relative to its assets, capital, and equity over the past five years, with all three ratios recording a value of 0.00 each year. This indicates that the company has been primarily funding its operations through equity rather than debt.
However, the financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, has shown some fluctuations over the same period. The ratio ranged between 1.50 and 1.53, with a peak of 1.53 in January 2022. This suggests that the company has occasionally utilized debt to fund a portion of its assets, but overall, the level of financial leverage has remained relatively stable.
Overall, Ollie's Bargain Outlet Hldg's solvency ratios reflect a conservative approach to debt management, with a strong reliance on equity for financing its operations. This strategy may indicate a lower risk of financial distress for the company, as it has maintained a low debt burden relative to its overall financial structure.
Coverage ratios
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 853.18 | 511.40 | 799.19 | 1,083.98 | 580.59 |
The interest coverage ratio for Ollie's Bargain Outlet Hldg has shown fluctuations over the past five years. In the most recent fiscal year ending February 3, 2024, the interest coverage ratio stood at 853.18, indicating a substantial ability to cover interest expenses with operating income. This represents a strong improvement compared to the previous year where the ratio was 511.40.
Looking back further, the trend in the interest coverage ratio has been volatile but generally healthy. In the fiscal year ending January 29, 2022, the ratio was 799.19, displaying a robust capacity to meet interest obligations. The ratio spiked in the year ending January 30, 2021, reaching 1,083.98, reflecting a very high level of coverage and the ability to comfortably pay interest expenses.
In contrast, there was a slight dip in the interest coverage ratio in the fiscal year ending February 1, 2020, to 580.59, although this level still indicated a solid ability to cover interest costs.
Overall, the interest coverage ratio for Ollie's Bargain Outlet Hldg has displayed variability but has generally pointed to a strong capacity to meet interest payments with operating income over the past five years.