Burlington Stores (Burlington Stores) LT-Debt-to-Total-Asset : 0.57 (As of Jan. 2024)

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What is Burlington Stores LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Burlington Stores's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.57.

Burlington Stores's long-term debt to total assets ratio declined from Jan. 2023 (0.59) to Jan. 2024 (0.57). It may suggest that Burlington Stores is progressively becoming less dependent on debt to grow their business.

Burlington Stores LT-Debt-to-Total-Asset Historical Data

The historical data trend for Burlington Stores's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Burlington Stores LT-Debt-to-Total-Asset Chart

Burlington Stores Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.59

0.64

0.58

0.59

0.57

Burlington Stores Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.59	0.60	0.60	0.59	0.57

Burlington Stores LT-Debt-to-Total-Asset Calculation

Burlington Stores's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	4379.736	/	7706.84
	=	0.57

Burlington Stores's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	4379.736	/	7706.84
	=	0.57

Burlington Stores (NYSE:BURL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Burlington Stores LT-Debt-to-Total-Asset Related Terms

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Burlington Stores (Burlington Stores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Burlington Stores Inc (NYSE:BURL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BURL:Mexico BUI:Germany

Address

2006 Route 130 North, Burlington, NJ, USA, 08016

Website

https://www.burlingtoninvestors.com

The third-largest American dedicated off-price apparel and home fashion retail firm, with 927 stores as of the end of fiscal 2022, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday-low-price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure-hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2022, 24% of sales came from accessories and footwear, 22% from women's ready-to-wear apparel, 21% from home décor, 17% from menswear, 12% from youth apparel and baby, and 4% from outerwear. All sales come from the United States.

Executives

William P Mcnamara	director
Jennifer Vecchio	officer: President and CMO	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Jeffrey Laub	officer: SVP, Finance and CAO	C/O BURLINGTON COAT FACTORY WAREHOUSE CO, 1830 ROUTE 130, BURLINGTON NJ 08016
Kristin Wolfe	officer: Chief Financial Officer	C/O BURLINGTON STORES, INC., 1830 ROUTE 130, BURLINGTON NJ 08016
Travis Marquette	officer: President and COO	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Mike Metheny	officer: Executive Vice President	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Dennis Hodgson	officer: EVP CIO	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Michael R Allison	officer: EVP CHRO	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Joyce Manning Magrini	officer: Executive Vice President	C/O FINLAY ENTERPRISES, INC., 529 FIFTH AVENUE, ATTN: LEGAL DPT., NEW YORK NY 10017
Michael Goodwin	director	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Fred Hand	officer: Chief Customer Officer	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
John Crimmins	officer: Chief Financial Officer	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Thomas Kingsbury	director, officer: President & CEO	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
O Sullivan Michael B	director, officer: Chief Executive Officer	5130 HACIENDA DRIVE, DUBLIN CA 94568
Paul Sullivan	director	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016