Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Bed Bath & Beyond Inc., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Bed Bath & Beyond Inc. debt to equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Bed Bath & Beyond Inc. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Bed Bath & Beyond Inc. debt to capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Bed Bath & Beyond Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Bed Bath & Beyond Inc. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Bed Bath & Beyond Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Bed Bath & Beyond Inc. financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Bed Bath & Beyond Inc. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Bed Bath & Beyond Inc. fixed charge coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Debt to Equity
Bed Bath & Beyond Inc., debt to equity calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| 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 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | 0.59 | 0.54 | 0.66 | 0.83 | — | — | |
| Home Depot Inc. | — | 11.29 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 15.16 | 9.79 | 4.45 | — | — | |
| TJX Cos. Inc. | 0.56 | 1.04 | 0.38 | 0.44 | — | — | |
| Debt to Equity, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.06 | 0.93 | 1.17 | 1.44 | — | — | |
| Debt to Equity, Industry | |||||||
| Consumer Discretionary | 1.54 | 1.52 | 2.37 | 2.78 | — | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Bed Bath & Beyond Inc. debt to equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Bed Bath & Beyond Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| Total debt | 1,217,717) | 1,190,363) | 1,592,353) | 1,491,734) | 1,496,578) | 1,496,703) | |
| Current operating lease liabilities | 346,506) | 360,061) | 463,005) | —) | —) | —) | |
| Noncurrent operating lease liabilities | 1,508,002) | 1,509,767) | 1,818,783) | —) | —) | —) | |
| Total debt (including operating lease liability) | 3,072,225) | 3,060,191) | 3,874,141) | 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 equity (including operating lease liability)1 | 17.64 | 2.40 | 2.20 | 0.58 | 0.52 | 0.55 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 1.06 | 0.96 | 1.08 | 1.25 | — | — | |
| Home Depot Inc. | — | 13.16 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 18.24 | 12.04 | 4.45 | — | — | |
| TJX Cos. Inc. | 2.08 | 2.66 | 1.93 | 0.44 | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.67 | 1.46 | 1.76 | 1.82 | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 1.94 | 1.90 | 2.84 | 3.08 | — | — | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 3,072,225 ÷ 174,145 = 17.64
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Bed Bath & Beyond Inc. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital
Bed Bath & Beyond Inc., debt to capital calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| 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) | |
| 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 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | 0.37 | 0.35 | 0.40 | 0.45 | — | — | |
| Home Depot Inc. | 1.04 | 0.92 | 1.11 | 1.07 | — | — | |
| Lowe’s Cos. Inc. | 1.24 | 0.94 | 0.91 | 0.82 | — | — | |
| TJX Cos. Inc. | 0.36 | 0.51 | 0.27 | 0.31 | — | — | |
| Debt to Capital, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.51 | 0.48 | 0.54 | 0.59 | — | — | |
| Debt to Capital, Industry | |||||||
| Consumer Discretionary | 0.61 | 0.60 | 0.70 | 0.74 | — | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Bed Bath & Beyond Inc. debt to capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Bed Bath & Beyond Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| Total debt | 1,217,717) | 1,190,363) | 1,592,353) | 1,491,734) | 1,496,578) | 1,496,703) | |
| Current operating lease liabilities | 346,506) | 360,061) | 463,005) | —) | —) | —) | |
| Noncurrent operating lease liabilities | 1,508,002) | 1,509,767) | 1,818,783) | —) | —) | —) | |
| Total debt (including operating lease liability) | 3,072,225) | 3,060,191) | 3,874,141) | 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) | |
| Total capital (including operating lease liability) | 3,246,370) | 4,337,127) | 5,639,076) | 4,052,065) | 4,385,206) | 4,215,980) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.95 | 0.71 | 0.69 | 0.37 | 0.34 | 0.36 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 0.51 | 0.49 | 0.52 | 0.56 | — | — | |
| Home Depot Inc. | 1.04 | 0.93 | 1.09 | 1.07 | — | — | |
| Lowe’s Cos. Inc. | 1.20 | 0.95 | 0.92 | 0.82 | — | — | |
| TJX Cos. Inc. | 0.68 | 0.73 | 0.66 | 0.31 | — | — | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.63 | 0.59 | 0.64 | 0.65 | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 0.66 | 0.65 | 0.74 | 0.76 | — | — | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,072,225 ÷ 3,246,370 = 0.95
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Bed Bath & Beyond Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets
Bed Bath & Beyond Inc., debt to assets calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| Total debt | 1,217,717) | 1,190,363) | 1,592,353) | 1,491,734) | 1,496,578) | 1,496,703) | |
| Total assets | 5,130,572) | 6,456,930) | 7,790,515) | 6,570,541) | 7,040,806) | 6,846,029) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.24 | 0.18 | 0.20 | 0.23 | 0.21 | 0.22 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | 0.19 | 0.18 | 0.19 | 0.23 | — | — | |
| Home Depot Inc. | 0.56 | 0.53 | 0.61 | 0.66 | — | — | |
| Lowe’s Cos. Inc. | 0.55 | 0.47 | 0.49 | 0.47 | — | — | |
| TJX Cos. Inc. | 0.12 | 0.20 | 0.09 | 0.16 | — | — | |
| Debt to Assets, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.25 | 0.24 | 0.26 | 0.31 | — | — | |
| Debt to Assets, Industry | |||||||
| Consumer Discretionary | 0.35 | 0.36 | 0.41 | 0.45 | — | — | |
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 assets = Total debt ÷ Total assets
= 1,217,717 ÷ 5,130,572 = 0.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Bed Bath & Beyond Inc. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Bed Bath & Beyond Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current finance lease liabilities | 2,494) | —) | 1,541) | —) | —) | —) | |
| Noncurrent finance lease liabilities | 35,447) | —) | 102,412) | 3,800) | 4,500) | 5,100) | |
| Long term debt | 1,179,776) | 1,190,363) | 1,488,400) | 1,487,934) | 1,492,078) | 1,491,603) | |
| Total debt | 1,217,717) | 1,190,363) | 1,592,353) | 1,491,734) | 1,496,578) | 1,496,703) | |
| Current operating lease liabilities | 346,506) | 360,061) | 463,005) | —) | —) | —) | |
| Noncurrent operating lease liabilities | 1,508,002) | 1,509,767) | 1,818,783) | —) | —) | —) | |
| Total debt (including operating lease liability) | 3,072,225) | 3,060,191) | 3,874,141) | 1,491,734) | 1,496,578) | 1,496,703) | |
| Total assets | 5,130,572) | 6,456,930) | 7,790,515) | 6,570,541) | 7,040,806) | 6,846,029) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.60 | 0.47 | 0.50 | 0.23 | 0.21 | 0.22 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 0.33 | 0.31 | 0.31 | 0.34 | — | — | |
| Home Depot Inc. | 0.64 | 0.62 | 0.73 | 0.66 | — | — | |
| Lowe’s Cos. Inc. | 0.66 | 0.56 | 0.60 | 0.47 | — | — | |
| TJX Cos. Inc. | 0.44 | 0.50 | 0.47 | 0.16 | — | — | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.40 | 0.38 | 0.40 | 0.39 | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 0.44 | 0.45 | 0.50 | 0.50 | — | — | |
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 assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,072,225 ÷ 5,130,572 = 0.60
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Bed Bath & Beyond Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Financial Leverage
Bed Bath & Beyond Inc., financial leverage calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| 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 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | 3.17 | 3.04 | 3.44 | 3.63 | — | — | |
| Home Depot Inc. | — | 21.39 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 32.52 | 20.02 | 9.47 | — | — | |
| TJX Cos. Inc. | 4.74 | 5.28 | 4.06 | 2.84 | — | — | |
| Financial Leverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 4.18 | 3.82 | 4.44 | 4.62 | — | — | |
| Financial Leverage, Industry | |||||||
| Consumer Discretionary | 4.38 | 4.26 | 5.72 | 6.22 | — | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Bed Bath & Beyond Inc. financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Bed Bath & Beyond Inc., interest coverage calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net earnings (loss) | (559,623) | (150,773) | (613,816) | (137,224) | 424,858) | 685,108) | |
| Add: Income tax expense | 86,967) | (185,989) | (151,037) | (19,385) | 270,802) | 380,547) | |
| Add: Interest expense, net | 64,702) | 76,913) | 64,789) | 69,474) | 65,661) | 69,555) | |
| Earnings before interest and tax (EBIT) | (407,954) | (259,849) | (700,064) | (87,135) | 761,321) | 1,135,210) | |
| Solvency Ratio | |||||||
| Interest coverage1 | -6.31 | -3.38 | -10.81 | -1.25 | 11.59 | 16.32 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | -1.51 | 22.09 | 15.69 | 9.73 | — | — | |
| Home Depot Inc. | 17.14 | 13.60 | 13.25 | 14.85 | — | — | |
| Lowe’s Cos. Inc. | 13.49 | 9.88 | 8.83 | 6.21 | — | — | |
| TJX Cos. Inc. | 37.80 | 1.46 | 75.57 | 65.36 | — | — | |
| Interest Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 7.64 | 15.91 | 14.50 | 11.71 | — | — | |
| Interest Coverage, Industry | |||||||
| Consumer Discretionary | 9.45 | 13.29 | 7.81 | 9.65 | — | — | |
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
Interest coverage = EBIT ÷ Interest expense
= -407,954 ÷ 64,702 = -6.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Bed Bath & Beyond Inc. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Fixed Charge Coverage
Bed Bath & Beyond Inc., fixed charge coverage calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net earnings (loss) | (559,623) | (150,773) | (613,816) | (137,224) | 424,858) | 685,108) | |
| Add: Income tax expense | 86,967) | (185,989) | (151,037) | (19,385) | 270,802) | 380,547) | |
| Add: Interest expense, net | 64,702) | 76,913) | 64,789) | 69,474) | 65,661) | 69,555) | |
| Earnings before interest and tax (EBIT) | (407,954) | (259,849) | (700,064) | (87,135) | 761,321) | 1,135,210) | |
| Add: Operating lease cost | 449,394) | 582,168) | 581,061) | 593,300) | 614,100) | 582,200) | |
| Earnings before fixed charges and tax | 41,440) | 322,319) | (119,003) | 506,165) | 1,375,421) | 1,717,410) | |
| Interest expense, net | 64,702) | 76,913) | 64,789) | 69,474) | 65,661) | 69,555) | |
| Operating lease cost | 449,394) | 582,168) | 581,061) | 593,300) | 614,100) | 582,200) | |
| Fixed charges | 514,096) | 659,081) | 645,850) | 662,774) | 679,761) | 651,755) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 0.08 | 0.49 | -0.18 | 0.76 | 2.02 | 2.64 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | 0.47 | 5.24 | 4.63 | 3.65 | — | — | |
| Home Depot Inc. | 9.94 | 8.97 | 8.26 | 7.80 | — | — | |
| Lowe’s Cos. Inc. | 8.02 | 6.05 | 5.04 | 3.68 | — | — | |
| TJX Cos. Inc. | 3.17 | 1.04 | 3.43 | 3.39 | — | — | |
| Fixed Charge Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 2.82 | 5.29 | 5.11 | 4.46 | — | — | |
| Fixed Charge Coverage, Industry | |||||||
| Consumer Discretionary | 3.70 | 5.63 | 3.72 | 4.20 | — | — | |
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
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 41,440 ÷ 514,096 = 0.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Bed Bath & Beyond Inc. fixed charge coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |