Debt to Equity
since 2005
Calculation
Bed Bath & Beyond Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long term debt1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|
| Feb 26, 2022 | 6.77 | = | 1,179,776) | ÷ | 174,145) |
| Feb 27, 2021 | 0.93 | = | 1,190,363) | ÷ | 1,276,936) |
| Feb 29, 2020 | 0.84 | = | 1,488,400) | ÷ | 1,764,935) |
| Mar 2, 2019 | 0.58 | = | 1,487,934) | ÷ | 2,560,331) |
| Mar 3, 2018 | 0.52 | = | 1,492,078) | ÷ | 2,888,628) |
| Feb 25, 2017 | 0.55 | = | 1,491,603) | ÷ | 2,719,277) |
| Feb 27, 2016 | 0.59 | = | 1,500,000) | ÷ | 2,559,540) |
| Feb 28, 2015 | 0.55 | = | 1,500,000) | ÷ | 2,743,190) |
| Mar 1, 2014 | 0.00 | = | —) | ÷ | 3,941,287) |
| Mar 2, 2013 | 0.00 | = | —) | ÷ | 4,079,730) |
| Feb 25, 2012 | 0.00 | = | —) | ÷ | 3,922,528) |
| Feb 26, 2011 | 0.00 | = | —) | ÷ | 3,931,659) |
| Feb 27, 2010 | 0.00 | = | —) | ÷ | 3,652,904) |
| Feb 28, 2009 | 0.00 | = | —) | ÷ | 3,000,454) |
| Mar 1, 2008 | 0.00 | = | —) | ÷ | 2,561,828) |
| Mar 3, 2007 | 0.00 | = | —) | ÷ | 2,649,151) |
| Feb 25, 2006 | 0.00 | = | —) | ÷ | 2,262,450) |
| Feb 26, 2005 | 0.00 | = | —) | ÷ | 2,203,762) |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in thousands
The financial trajectory of the entity is characterized by a transition from a strong equity-based capital structure to one marked by extreme leverage. For the first decade of the period analyzed, the organization maintained a substantial equity base with no reported long-term debt, peaking in 2013. However, the subsequent years demonstrate a steady erosion of shareholders' equity coupled with the introduction of significant long-term borrowing.
- Shareholders' Equity Evolution
- Equity experienced a consistent growth phase from 2005 to 2013, increasing from approximately 2.2 billion USD to a peak of 4.08 billion USD. Following this peak, a sustained downward trend emerged, with equity falling to 1.76 billion USD by 2019. A critical collapse is observed between 2021 and 2022, where equity plummeted from 1.28 billion USD to 174 million USD.
- Long-term Debt Profile
- Long-term debt was absent from the records until 2015, at which point 1.5 billion USD was introduced. This debt level remained relatively stagnant between 2015 and 2019. A moderate reduction occurred in 2020, with the balance decreasing to approximately 1.19 billion USD and remaining near that level through 2022.
- Debt to Equity Ratio Trends
- The debt-to-equity ratio remained stable within a range of 0.52 to 0.59 from 2015 to 2018, indicating a controlled level of leverage. An upward trend began in 2019 at 0.84 and continued through 2021 at 0.93. The ratio reached a critical inflection point in 2022, surging to 6.77. This exponential increase was driven primarily by the precipitous decline in the equity base rather than a corresponding increase in long-term debt.
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Comparison to Competitors
Bed Bath & Beyond Inc., debt to equity, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 26, 2022 | 6.77 | 0.46 | — | — | 0.56 |
| Feb 27, 2021 | 0.93 | 0.35 | 11.29 | 15.16 | 1.04 |
| Feb 29, 2020 | 0.84 | 0.34 | — | 9.79 | 0.38 |
| Mar 2, 2019 | 0.58 | 0.38 | — | 4.45 | 0.44 |
| Mar 3, 2018 | 0.52 | 0.54 | 18.59 | 2.89 | 0.43 |
| Feb 25, 2017 | 0.55 | 0.89 | 5.45 | 2.44 | 0.49 |
| Feb 27, 2016 | 0.59 | 0.40 | 3.37 | 1.65 | 0.38 |
| Feb 28, 2015 | 0.55 | 0.62 | 1.84 | 1.14 | 0.38 |
| Mar 1, 2014 | 0.00 | 0.77 | 1.18 | 0.89 | 0.30 |
| Mar 2, 2013 | 0.00 | 0.33 | 0.61 | 0.66 | 0.21 |
| Feb 25, 2012 | 0.00 | 0.38 | 0.60 | 0.46 | 0.25 |
| Feb 26, 2011 | 0.00 | 0.03 | 0.52 | 0.36 | 0.25 |
| Feb 27, 2010 | 0.00 | 0.03 | 0.50 | 0.27 | 0.27 |
| Feb 28, 2009 | 0.00 | 0.02 | 0.64 | 0.34 | 0.36 |
| Mar 1, 2008 | 0.00 | 0.15 | 0.76 | 0.41 | 0.40 |
| Mar 3, 2007 | 0.00 | 1.07 | 0.47 | 0.28 | 0.35 |
| Feb 25, 2006 | 0.00 | 2.89 | 0.15 | 0.25 | 0.43 |
| Feb 26, 2005 | 0.00 | 6.18 | 0.09 | 0.32 | 0.42 |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Bed Bath & Beyond Inc., debt to equity, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Bed Bath & Beyond Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 26, 2022 | 6.77 | 0.93 |
| Feb 27, 2021 | 0.93 | 0.77 |
| Feb 29, 2020 | 0.84 | 0.86 |
| Mar 2, 2019 | 0.58 | 1.03 |
| Mar 3, 2018 | 0.52 | 1.24 |
| Feb 25, 2017 | 0.55 | 1.54 |
| Feb 27, 2016 | 0.59 | 1.15 |
| Feb 28, 2015 | 0.55 | 1.04 |
| Mar 1, 2014 | 0.00 | 0.88 |
| Mar 2, 2013 | 0.00 | 0.53 |
| Feb 25, 2012 | 0.00 | 0.49 |
| Feb 26, 2011 | 0.00 | 0.36 |
| Feb 27, 2010 | 0.00 | 0.33 |
| Feb 28, 2009 | 0.00 | 0.43 |
| Mar 1, 2008 | 0.00 | 0.55 |
| Mar 3, 2007 | 0.00 | 0.41 |
| Feb 25, 2006 | 0.00 | 0.22 |
| Feb 26, 2005 | 0.00 | 0.21 |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Bed Bath & Beyond Inc., debt to equity, long-term trends, comparison to industry (consumer discretionary)
| Bed Bath & Beyond Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 26, 2022 | 6.77 | 1.44 |
| Feb 27, 2021 | 0.93 | 1.41 |
| Feb 29, 2020 | 0.84 | 2.17 |
| Mar 2, 2019 | 0.58 | 2.60 |
| Mar 3, 2018 | 0.52 | 2.59 |
| Feb 25, 2017 | 0.55 | 2.55 |
| Feb 27, 2016 | 0.59 | 2.21 |
| Feb 28, 2015 | 0.55 | 1.88 |
| Mar 1, 2014 | 0.00 | 1.60 |
| Mar 2, 2013 | 0.00 | 1.25 |
| Feb 25, 2012 | 0.00 | 1.19 |
| Feb 26, 2011 | 0.00 | 1.09 |
| Feb 27, 2010 | 0.00 | 1.26 |
| Feb 28, 2009 | 0.00 | 2.58 |
| Mar 1, 2008 | 0.00 | 4.06 |
| Mar 3, 2007 | 0.00 | 2.62 |
| Feb 25, 2006 | 0.00 | 2.96 |
| Feb 26, 2005 | 0.00 | 2.35 |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).