Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Bed Bath & Beyond Inc., adjusted financial ratios

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Activity Ratio
Total Asset Turnover
Reported	1.53	1.43	1.43	1.83	1.75	1.78
Adjusted	1.53	1.46	1.49	1.37	1.29	1.31
Solvency Ratios
Debt to Equity
Reported	6.99	0.93	0.90	0.58	0.52	0.55
Adjusted	16.23	2.63	2.48	1.55	1.40	1.66
Debt to Capital
Reported	0.87	0.48	0.47	0.37	0.34	0.36
Adjusted	0.94	0.72	0.71	0.61	0.58	0.62
Financial Leverage
Reported	29.46	5.06	4.41	2.57	2.44	2.52
Adjusted	27.11	5.43	4.81	3.58	3.32	3.71
Profitability Ratios
Net Profit Margin
Reported	-7.11%	-1.63%	-5.50%	-1.14%	3.44%	5.61%
Adjusted	-5.47%	-0.52%	-6.20%	-2.09%	4.85%	5.88%
Return on Equity (ROE)
Reported	-321.35%	-11.81%	-34.78%	-5.36%	14.71%	25.19%
Adjusted	-227.56%	-4.11%	-44.32%	-10.29%	20.82%	28.44%
Return on Assets (ROA)
Reported	-10.91%	-2.34%	-7.88%	-2.09%	6.03%	10.01%
Adjusted	-8.40%	-0.76%	-9.21%	-2.87%	6.26%	7.67%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Bed Bath & Beyond Inc. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Bed Bath & Beyond Inc. adjusted debt-to-equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Bed Bath & Beyond Inc. adjusted debt-to-capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Bed Bath & Beyond Inc. adjusted financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Bed Bath & Beyond Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Bed Bath & Beyond Inc. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Bed Bath & Beyond Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Bed Bath & Beyond Inc., Financial Ratios: Reported vs. Adjusted

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	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Net sales	7,867,778)	9,233,028)	11,158,580)	12,028,797)	12,349,301)	12,215,757)
Total assets	5,130,572)	6,456,930)	7,790,515)	6,570,541)	7,040,806)	6,846,029)
Activity Ratio
Total asset turnover¹	1.53	1.43	1.43	1.83	1.75	1.78
Adjusted
Selected Financial Data (US$ in thousands)
Net sales	7,867,778)	9,233,028)	11,158,580)	12,028,797)	12,349,301)	12,215,757)
Adjusted total assets²	5,130,572)	6,326,908)	7,513,987)	8,753,769)	9,561,349)	9,353,295)
Activity Ratio
Adjusted total asset turnover³	1.53	1.46	1.49	1.37	1.29	1.31

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 7,867,778 ÷ 5,130,572 = 1.53

² Adjusted total assets. See details »

³ 2022 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 7,867,778 ÷ 5,130,572 = 1.53

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Bed Bath & Beyond Inc. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	1,217,717)	1,190,363)	1,592,353)	1,491,734)	1,496,578)	1,496,703)
Shareholders’ equity	174,145)	1,276,936)	1,764,935)	2,560,331)	2,888,628)	2,719,277)
Solvency Ratio
Debt to equity¹	6.99	0.93	0.90	0.58	0.52	0.55
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	3,072,225)	3,060,191)	3,874,141)	3,790,042)	4,028,146)	4,199,438)
Adjusted shareholders’ equity³	189,281)	1,164,614)	1,561,807)	2,445,251)	2,877,603)	2,523,808)
Solvency Ratio
Adjusted debt to equity⁴	16.23	2.63	2.48	1.55	1.40	1.66

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 1,217,717 ÷ 174,145 = 6.99

² Adjusted total debt. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted shareholders’ equity
= 3,072,225 ÷ 189,281 = 16.23

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Bed Bath & Beyond Inc. adjusted debt-to-equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	1,217,717)	1,190,363)	1,592,353)	1,491,734)	1,496,578)	1,496,703)
Total capital	1,391,862)	2,467,299)	3,357,288)	4,052,065)	4,385,206)	4,215,980)
Solvency Ratio
Debt to capital¹	0.87	0.48	0.47	0.37	0.34	0.36
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	3,072,225)	3,060,191)	3,874,141)	3,790,042)	4,028,146)	4,199,438)
Adjusted total capital³	3,261,506)	4,224,805)	5,435,948)	6,235,293)	6,905,749)	6,723,246)
Solvency Ratio
Adjusted debt to capital⁴	0.94	0.72	0.71	0.61	0.58	0.62

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,217,717 ÷ 1,391,862 = 0.87

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 3,072,225 ÷ 3,261,506 = 0.94

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Bed Bath & Beyond Inc. adjusted debt-to-capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Total assets	5,130,572)	6,456,930)	7,790,515)	6,570,541)	7,040,806)	6,846,029)
Shareholders’ equity	174,145)	1,276,936)	1,764,935)	2,560,331)	2,888,628)	2,719,277)
Solvency Ratio
Financial leverage¹	29.46	5.06	4.41	2.57	2.44	2.52
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	5,130,572)	6,326,908)	7,513,987)	8,753,769)	9,561,349)	9,353,295)
Adjusted shareholders’ equity³	189,281)	1,164,614)	1,561,807)	2,445,251)	2,877,603)	2,523,808)
Solvency Ratio
Adjusted financial leverage⁴	27.11	5.43	4.81	3.58	3.32	3.71

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 5,130,572 ÷ 174,145 = 29.46

² Adjusted total assets. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted shareholders’ equity
= 5,130,572 ÷ 189,281 = 27.11

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Bed Bath & Beyond Inc. adjusted financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)
Net sales	7,867,778)	9,233,028)	11,158,580)	12,028,797)	12,349,301)	12,215,757)
Profitability Ratio
Net profit margin¹	-7.11%	-1.63%	-5.50%	-1.14%	3.44%	5.61%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss)²	(430,727)	(47,858)	(692,234)	(251,639)	599,016)	717,731)
Net sales	7,867,778)	9,233,028)	11,158,580)	12,028,797)	12,349,301)	12,215,757)
Profitability Ratio
Adjusted net profit margin³	-5.47%	-0.52%	-6.20%	-2.09%	4.85%	5.88%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
Net profit margin = 100 × Net earnings (loss) ÷ Net sales
= 100 × -559,623 ÷ 7,867,778 = -7.11%

² Adjusted net earnings (loss). See details »

³ 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings (loss) ÷ Net sales
= 100 × -430,727 ÷ 7,867,778 = -5.47%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Bed Bath & Beyond Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)
Shareholders’ equity	174,145)	1,276,936)	1,764,935)	2,560,331)	2,888,628)	2,719,277)
Profitability Ratio
ROE¹	-321.35%	-11.81%	-34.78%	-5.36%	14.71%	25.19%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss)²	(430,727)	(47,858)	(692,234)	(251,639)	599,016)	717,731)
Adjusted shareholders’ equity³	189,281)	1,164,614)	1,561,807)	2,445,251)	2,877,603)	2,523,808)
Profitability Ratio
Adjusted ROE⁴	-227.56%	-4.11%	-44.32%	-10.29%	20.82%	28.44%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
ROE = 100 × Net earnings (loss) ÷ Shareholders’ equity
= 100 × -559,623 ÷ 174,145 = -321.35%

² Adjusted net earnings (loss). See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted ROE = 100 × Adjusted net earnings (loss) ÷ Adjusted shareholders’ equity
= 100 × -430,727 ÷ 189,281 = -227.56%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Bed Bath & Beyond Inc. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)
Total assets	5,130,572)	6,456,930)	7,790,515)	6,570,541)	7,040,806)	6,846,029)
Profitability Ratio
ROA¹	-10.91%	-2.34%	-7.88%	-2.09%	6.03%	10.01%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss)²	(430,727)	(47,858)	(692,234)	(251,639)	599,016)	717,731)
Adjusted total assets³	5,130,572)	6,326,908)	7,513,987)	8,753,769)	9,561,349)	9,353,295)
Profitability Ratio
Adjusted ROA⁴	-8.40%	-0.76%	-9.21%	-2.87%	6.26%	7.67%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ 2022 Calculation
ROA = 100 × Net earnings (loss) ÷ Total assets
= 100 × -559,623 ÷ 5,130,572 = -10.91%

² Adjusted net earnings (loss). See details »

³ Adjusted total assets. See details »

⁴ 2022 Calculation
Adjusted ROA = 100 × Adjusted net earnings (loss) ÷ Adjusted total assets
= 100 × -430,727 ÷ 5,130,572 = -8.40%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Bed Bath & Beyond Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Bed Bath & Beyond Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)