Burlington Stores Debt-to-Equity Ratio Growth & History (BURL)
Burlington Stores's debt-to-equity ratio was 3.29 for fiscal 2025.
View full Burlington Stores company overviewBurlington Stores annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | 3.29 | −0.62 | −15.94% |
| 2024 | 2025-02-01 | 3.92 | −0.90 | −18.68% |
| 2023 | 2024-02-03 | 4.82 | −1.10 | −18.52% |
| 2022 | 2023-01-28 | 5.92 | 0.06 | +1.00% |
| 2021 | 2022-01-29 | 5.86 | −4.12 | −41.30% |
| 2020 | 2021-01-30 | 9.98 | 3.11 | +45.19% |
| 2019 | 2020-02-01 | 6.87 | 3.81 | +124.79% |
| 2018 | 2019-02-02 | 3.06 | −9.93 | −76.46% |
| 2017 | 2018-02-03 | 12.99 | — | — |
Burlington Stores quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-08-01 | 2.95 | −1.09 | −26.91% |
| Q1 2026 | 2026-05-02 | 3.20 | −0.74 | −18.88% |
| Q4 2025 | 2026-01-31 | 3.29 | −0.62 | −15.94% |
| Q3 2025 | 2025-11-01 | 3.89 | −0.68 | −14.84% |
| Q2 2025 | 2025-08-02 | 4.04 | −0.46 | −10.23% |
| Q1 2025 | 2025-05-03 | 3.94 | −0.73 | −15.61% |
| Q4 2024 | 2025-02-01 | 3.92 | −0.90 | −18.68% |
| Q3 2024 | 2024-11-02 | 4.57 | −1.08 | −19.14% |
| Q2 2024 | 2024-08-03 | 4.50 | −1.03 | −18.63% |
| Q1 2024 | 2024-05-04 | 4.67 | −1.08 | −18.79% |
| Q4 2023 | 2024-02-03 | 4.82 | −1.10 | −18.52% |
| Q3 2023 | 2023-10-28 | 5.65 | −1.70 | −23.16% |
| Q2 2023 | 2023-07-29 | 5.53 | −1.71 | −23.63% |
| Q1 2023 | 2023-04-29 | 5.75 | −0.63 | −9.93% |
| Q4 2022 | 2023-01-28 | 5.92 | 0.06 | +1.00% |
| Q3 2022 | 2022-10-29 | 7.35 | 1.03 | +16.23% |
| Q2 2022 | 2022-07-30 | 7.24 | 0.51 | +7.59% |
| Q1 2022 | 2022-04-30 | 6.39 | −2.56 | −28.58% |
| Q4 2021 | 2022-01-29 | 5.86 | −4.12 | −41.30% |
| Q3 2021 | 2021-10-30 | 6.33 | −10.64 | −62.71% |
| Q2 2021 | 2021-07-31 | 6.72 | −11.70 | −63.50% |
| Q1 2021 | 2021-05-01 | 8.94 | −8.79 | −49.56% |
| Q4 2020 | 2021-01-30 | 9.98 | 3.11 | +45.19% |
| Q3 2020 | 2020-10-31 | 16.97 | 7.94 | +87.86% |
| Q2 2020 | 2020-08-01 | 18.43 | 7.54 | +69.30% |
| Q1 2020 | 2020-05-02 | 17.73 | 5.32 | +42.90% |
| Q4 2019 | 2020-02-01 | 6.87 | 3.81 | +124.79% |
| Q3 2019 | 2019-11-02 | 9.03 | 3.39 | +59.99% |
| Q2 2019 | 2019-08-03 | 10.88 | 3.33 | +44.03% |
| Q1 2019 | 2019-05-04 | 12.41 | 2.20 | +21.56% |
| Q4 2018 | 2019-02-02 | 3.06 | −9.93 | −76.46% |
| Q3 2018 | 2018-11-03 | 5.65 | — | — |
| Q2 2018 | 2018-08-04 | 7.56 | — | — |
| Q1 2018 | 2018-05-05 | 10.21 | — | — |
| Q4 2017 | 2018-02-03 | 12.99 | — | — |
Burlington Stores debt-to-equity ratio trends
Over the last five fiscal years, Burlington Stores's debt-to-equity ratio decreased from 9.98 to 3.29, a change of −6.68. The latest reported quarter, Q2 2026, shows 2.95.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Burlington Stores source filings ↗