Victoria's Secret & Co (VSCO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 417,000 | 220,000 | 279,000 | 265,000 | 383,000 | 235,000 | 247,000 | 227,000 | 257,000 | 252,000 | 884,000 |
| Financial leverage ratio | 11.03 | 21.30 | 16.22 | 16.62 | 12.30 | 17.63 | 16.49 | 17.91 | 16.90 | 17.34 | 5.27 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,600,000K ÷ $417,000K
= 11.03
The financial leverage ratio of Victoria's Secret & Co has shown fluctuations over the past several quarters. The ratio peaked at 21.30 in October 2023, indicating a higher level of financial leverage during that period. Subsequently, there was a decrease in the ratio to 16.22 in July 2023, followed by a slight increase to 16.62 in April 2023.
In general, the company has maintained a moderate level of financial leverage, with the ratio ranging between 11.03 and 21.30 over the past year. This suggests that Victoria's Secret & Co has been utilizing a mix of debt and equity to finance its operations and investments. The ratio decreased significantly to 5.27 in July 2021, possibly indicating a reduction in the company's debt levels or an increase in equity.
Overall, the trend in the financial leverage ratio of Victoria's Secret & Co highlights the company's ability to manage its capital structure effectively, balancing the benefits of debt financing with the risks associated with higher leverage ratios.
Peer comparison
Feb 3, 2024