To the full analysis
Bath & Body Works stock: balance sheet and debt
BBWIBath & Body Works has a debt to equity ratio of −3.87 and an interest coverage of 4.2x.
Daily figure as of 13 Nov 2026
Debt / Equity
−3.87
Interest coverage
4.2x
Current ratio
1.27
Cash & equivalents
$953M
Total assets
$5.07B
Equity ratio
−25.2%
Goodwill
$628M
Plus intangible assets of $165M
Net debt
$4B
Total assets and equity ratio
How large the balance sheet of Bath & Body Works, Inc. is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $7.09B | $2.32B | $1.68B | 42.7% | $1.17B |
| 2007 | $7.44B | $2.41B | $1.73B | 30.6% | $1.89B |
| 2008 | $6.97B | $2.01B | $1.43B | 26.9% | $1.72B |
| 2009 | $7.17B | $2.04B | $1.44B | 30.4% | $919M |
| 2010 | $6.45B | $2.04B | $1.45B | 22.9% | $1.38B |
| 2011 | $6.11B | $1.83B | $1.33B | 2.3% | $2.6B |
| 2012 | $6.02B | $1.73B | $1.32B | −16.8% | $3.7B |
| 2013 | $7.2B | $1.73B | $1.32B | −5.1% | $3.46B |
| 2014 | $7.54B | $1.73B | $1.32B | 0.3% | $3.08B |
| 2015 | $8.49B | $1.73B | $1.32B | −3.0% | $3.17B |
| 2016 | $8.17B | $1.76B | $1.35B | −8.9% | $3.8B |
| 2017 | $8.15B | $1.76B | $1.35B | −9.2% | $4.28B |
| 2018 | $8.09B | $1.76B | $1.35B | −10.7% | $4.4B |
| 2019 | $10.13B | $1.04B | $628M | −14.8% | $7.58B |
| 2020 | $11.57B | $793M | $628M | −5.7% | $3.91B |
| 2021 | $6.03B | $793M | $628M | −25.2% | $4.03B |
| 2022 | $5.49B | $793M | $628M | −40.1% | $4.82B |
| 2023 | $5.46B | $793M | $628M | −29.8% | $4.49B |
| 2024 | $4.87B | $793M | $628M | −28.4% | $4.29B |
| 2025 | $5.07B | $793M | $628M | −25.2% | $4B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $500M | $2.96B | $1.67B | 0.55 |
| 2007 | $1.02B | $2.22B | $2.91B | 1.28 |
| 2008 | $1.17B | $1.87B | $2.9B | 1.55 |
| 2009 | $1.8B | $2.18B | $2.72B | 1.25 |
| 2010 | $1.13B | $1.48B | $2.51B | 1.7 |
| 2011 | $935M | $137M | $3.54B | 25.64 |
| 2012 | $773M | −$1.02B | $4.48B | −4.42 |
| 2013 | $1.52B | −$370M | $4.98B | −13.49 |
| 2014 | $1.68B | $18M | $4.77B | 50 |
| 2015 | $2.55B | −$259M | $5.72B | −22.17 |
| 2016 | $1.93B | −$729M | $5.74B | −7.89 |
| 2017 | $1.52B | −$753M | $5.79B | −7.72 |
| 2018 | $1.41B | −$869M | $5.81B | −6.72 |
| 2019 | $1.5B | −$1.5B | $9.08B | −6.07 |
| 2020 | $3.57B | −$662M | $7.48B | −11.32 |
| 2021 | $1.98B | −$1.52B | $6.01B | −3.96 |
| 2022 | $1.23B | −$2.21B | $6.05B | −2.75 |
| 2023 | $1.08B | −$1.63B | $5.57B | −3.43 |
| 2024 | $674M | −$1.39B | $4.96B | −3.59 |
| 2025 | $953M | −$1.28B | $4.95B | −3.87 |
Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Jan 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.