Victoria's Secret & annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Victoria's Secret & Debt-to-Equity Ratio Growth & History (VSXY)
Victoria's Secret &'s debt-to-equity ratio was 3.32 for fiscal 2025.
View full Victoria's Secret & company overviewVictoria's Secret & annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | 3.32 | −0.89 | −21.13% |
| 2024 | 2025-02-01 | 4.22 | −2.27 | −34.96% |
| 2023 | 2024-02-03 | 6.48 | −0.79 | −10.89% |
| 2022 | 2023-01-28 | 7.27 | −2.98 | −29.08% |
| 2021 | 2022-01-29 | 10.26 | 7.93 | +341.28% |
| 2020 | 2021-01-30 | 2.32 | — | — |
Victoria's Secret & quarterly debt-to-equity ratio
Q4.20
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.27
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2027 | 2026-07-31 | 2.93 | −1.30 | −30.72% |
| Q1 2026 | 2026-05-02 | 3.61 | −0.77 | −17.57% |
| Q4 2025 | 2026-01-31 | 3.32 | −0.89 | −21.13% |
| Q3 2025 | 2025-11-01 | 4.88 | −2.34 | −32.44% |
| Q2 2025 | 2025-08-02 | 4.23 | −1.72 | −28.96% |
| Q1 2025 | 2025-05-03 | 4.38 | −1.90 | −30.22% |
| Q4 2024 | 2025-02-01 | 4.22 | −2.27 | −34.96% |
| Q3 2024 | 2024-11-02 | 7.22 | −6.87 | −48.77% |
| Q2 2024 | 2024-08-03 | 5.95 | −4.27 | −41.80% |
| Q1 2024 | 2024-05-04 | 6.27 | −4.26 | −40.45% |
| Q4 2023 | 2024-02-03 | 6.48 | −0.79 | −10.89% |
| Q3 2023 | 2023-10-28 | 14.10 | 2.35 | +20.02% |
| Q2 2023 | 2023-07-29 | 10.22 | −0.19 | −1.83% |
| Q1 2023 | 2023-04-29 | 10.54 | −0.72 | −6.36% |
| Q4 2022 | 2023-01-28 | 7.27 | −2.98 | −29.08% |
| Q3 2022 | 2022-10-29 | 11.74 | 1.06 | +9.90% |
| Q2 2022 | 2022-07-30 | 10.41 | 7.61 | +271.47% |
| Q1 2022 | 2022-04-30 | 11.25 | — | — |
| Q4 2021 | 2022-01-29 | 10.26 | 7.93 | +341.28% |
| Q3 2021 | 2021-10-30 | 10.69 | — | — |
| Q2 2021 | 2021-07-31 | 2.80 | — | — |
| Q4 2020 | 2021-01-30 | 2.32 | — | — |
Victoria's Secret & debt-to-equity ratio trends
Over the last five fiscal years, Victoria's Secret &'s debt-to-equity ratio increased from 2.32 to 3.32, a change of 1.00. The latest reported quarter, Q2 2027, shows 2.93.
About the metric
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.
Calculation and source
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 Victoria's Secret & source filings ↗