Ollie's Bargain Outlet Hldg (OLLI)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	US$ in thousands	2,294,590	2,194,360	2,154,160	2,091,040	2,044,100	2,009,970	1,999,190	1,989,830	1,972,170	1,946,560	2,042,090	2,043,490	2,005,860	1,931,860	1,842,440	1,643,110	1,596,250	1,530,470	1,544,340	1,479,290
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

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $2,294,590K
= 0.00

The debt-to-assets ratio of Ollie's Bargain Outlet Hldg has consistently been reported as 0.00 for the past several reporting periods. This indicates that the company has not utilized any debt to finance its assets and has been primarily relying on equity financing. A debt-to-assets ratio of 0.00 implies that the company's assets are fully financed by equity, which can be viewed positively as it signifies a low-risk financial structure and lower financial leverage. However, it is important to note that a very low or zero debt-to-assets ratio could also indicate limited access to debt financing which may restrict the company's ability to leverage for growth or take advantage of investment opportunities.