Victoria's Secret & Co (VSCO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,120,000 | 1,530,000 | 1,270,000 | 1,271,000 | 1,271,000 | 1,244,000 | 977,000 | 977,000 | 978,000 | 978,000 | 689,000 |
| Total assets | US$ in thousands | 4,600,000 | 4,687,000 | 4,525,000 | 4,405,000 | 4,711,000 | 4,142,000 | 4,072,000 | 4,065,000 | 4,344,000 | 4,369,000 | 4,658,000 |
| Debt-to-assets ratio | 0.24 | 0.33 | 0.28 | 0.29 | 0.27 | 0.30 | 0.24 | 0.24 | 0.23 | 0.22 | 0.15 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,120,000K ÷ $4,600,000K
= 0.24
The debt-to-assets ratio for Victoria's Secret & Co has shown some fluctuations over the past several quarters. The ratio indicates the proportion of the company's assets that are financed through debt.
From the data provided, we can see that the debt-to-assets ratio has ranged from 0.15 to 0.33 over the past year. Generally, a lower debt-to-assets ratio indicates a lower financial risk and a healthier balance sheet, as it suggests that the company relies less on debt financing.
In this case, Victoria's Secret & Co's debt-to-assets ratio has mostly remained below 0.30, indicating a conservative approach to debt financing. The company appears to have a relatively stable financial position with a good balance between debt and assets.
It is important to note that the optimal debt-to-assets ratio can vary by industry, so it would be valuable to compare Victoria's Secret & Co's ratio to its industry peers for a more comprehensive analysis of its financial leverage.
Peer comparison
Feb 3, 2024