• Return to Headlines

Highest Debt to Asset Ratio in the Apparel Retail Industry Detected in Shares of L Brands Inc (LB, ASNA, BURL, BOOT, SMRT)

By Amy Schwartz

Below are the three companies in the Apparel Retail industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

L Brands Inc ranks highest with a a debt to asset ratio of 71.10. Following is Ascena Retail Gr with a a debt to asset ratio of 48.73. Burlington Store ranks third highest with a a debt to asset ratio of 40.07.

Boot Barn Holdin follows with a a debt to asset ratio of 35.97, and Stein Mart Inc rounds out the top five with a a debt to asset ratio of 32.46.

SmarTrend recommended that subscribers consider buying shares of Boot Barn Holdin on June 13th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $31.60. Since that recommendation, shares of Boot Barn Holdin have risen 11.6%. We continue to monitor Boot Barn Holdin for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio l brands inc ascena retail gr burlington store boot barn holdin stein mart inc

Ticker(s): LB ASNA BURL BOOT SMRT