Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the five-year span 2021–2025 BJ’s shows steadily rising total assets (from $5,411.5m to $7,065.3m, +$1,653.8m or +30.6%), with the largest single-year jump in 2022→2023. Total liabilities are essentially stable (from $5,092.2m to $5,217.9m, +$125.6m or +2.5%), moving up and down only modestly year-to-year. The most notable change is in stockholders’ equity, which increases sharply from $319.3m to $1,847.5m (+$1,528.1m, +478.7%) — equity as a share of assets rises from ~5.9% to ~26.2% while liabilities-to-assets falls from ~94.1% to ~73.8%. Put another way, liabilities-to-equity drops dramatically (roughly 16.0x → 2.8x), indicating a major de-leveraging or equity build-up. Interpretation: the company appears to have materially strengthened its balance sheet — asset growth accompanied by only modest increases in liabilities and very large increases in equity improves solvency and financial flexibility. In a warehouse/retail context (where higher working capital for inventory and payables is normal), the pattern suggests either strong retained earnings/cash generation or equity raises supporting store/capacity expansion and/or paydown of higher-cost liabilities. Without the income statement or cash-flow detail we can’t pinpoint whether the equity gains come from earnings or capital transactions, but the trend is a clear improvement in leverage and cushion against retail cyclicality.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.