Oxford Industries Inc (OXM)

Financial leverage ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total assets	US$ in thousands	1,097,840	1,188,660	957,642	865,634	1,033,370
Total stockholders’ equity	US$ in thousands	560,914	556,270	507,664	405,728	528,598
Financial leverage ratio		1.96	2.14	1.89	2.13	1.95

February 3, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,097,840K ÷ $560,914K
= 1.96

The financial leverage ratio for Oxford Industries Inc has exhibited some fluctuation over the past five years. On February 3, 2024, the ratio stood at 1.96, representing a decrease from the previous year's ratio of 2.14 on January 28, 2023. This decline suggests a potentially lower reliance on debt financing compared to the prior year. The ratio was at 1.89 on January 29, 2022, implying a slightly lower level of financial leverage than in the year before. However, on January 30, 2021, the ratio increased to 2.13, indicating a higher proportion of debt in the company's capital structure. The financial leverage ratio was 1.95 on February 1, 2020, relatively similar to the most recent ratio but slightly lower. Overall, the trend in the financial leverage ratio for Oxford Industries Inc shows variability in the company's utilization of debt to finance its operations and investments over the past five years.