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Relatively High Debt to Equity Ratio Detected in Shares of Burlington Store in the Apparel Retail Industry (BURL, SMRT, ASNA, BOOT, DXLG)

By Amy Schwartz

Below are the three companies in the Apparel Retail industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Burlington Store ranks highest with a a debt to equity ratio of 1,298.7. Following is Stein Mart Inc with a a debt to equity ratio of 323.3. Ascena Retail Gr ranks third highest with a a debt to equity ratio of 229.8.

Boot Barn Holdin follows with a a debt to equity ratio of 98.6, and Destination Xl G rounds out the top five with a a debt to equity ratio of 84.9.

SmarTrend recommended that its subscribers protect gains by selling shares of Destination Xl G on April 25th, 2019 by issuing a Downtrend alert when the shares were trading at $2.14. Since that call, shares of Destination Xl G have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to equity ratio burlington store stein mart inc ascena retail gr boot barn holdin destination xl g

Ticker(s): BURL SMRT ASNA BOOT DXLG