Duluth Holdings Inc. (DLTH) financial analysis and rating

Comparison analysis based on SEC data

Company Name Duluth Holdings Inc.
Industry (SIC) 56 - Apparel And Accessory Stores
Latest report 1/31/2021 (filed 3/26/2021)
Revenue $283 million (ranked #18 out of 22 companies in the industry)
Assets $516 million (ranked #21)

Financial position and performance

Compared with industry ratios Change during the quarter

much better

improved considerably
Compared with all industry ratios

better

Compare with a competitor

Financial ratios benchmarking

Finanancial ratio Compared
with industry ratios
(56 - Apparel And Accessory Stores)
with all industry ratios
Solvency Ratios
Debt ratio 
0.63
0.73
0.63
0.59
Debt-to-equity ratio 
1.70
1.99
1.70
1.03
Interest coverage ratio 
9.28
4.24
9.28
2.14
Liquidity Ratios
Current Ratio 
2.20
1.61
2.20
2.02
Quick Ratio 
0.52
0.61
0.52
1.27
Cash Ratio 
0.49
0.46
0.49
0.89
Profitability Ratios
Profit margin 
6.7%
2.3%
6.7%
3.8%
ROE (Return on equity), after tax 
42%
13.8%
42%
0.2%
ROA (Return on assets) 
14.1%
3.6%
14.1%
0.6%
Activity Ratios
Asset turnover (days) 
174
274
174
778
Receivables turnover (days) 
1
7
1
49
Resulting score +1,4 +0,6

Additional ratios (not used to calculate the resulting score)

Finanancial ratio Compared
with industry ratios
(56 - Apparel And Accessory Stores)
with all industry ratios
Profitability Ratios
Gross margin 
49.7%
33.1%
49.7%
42.6%
Operating margin (Return on sales) 
10.3%
4.2%
10.3%
8.6%
Activity Ratios
Inventory turnover (days) 
117
89
117
72
EBIT $29M
EBITDA $42M
Price Ratios
Earnings per Share (basic) $0.59
Earnings per Share (diluted) $0.59

Auditor's conclusion

We have conducted a comparative analysis of the balance sheet and the income statement of Duluth Holdings Inc. (hereafter – the "Company") for the year 2021 submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the company is Apparel And Accessory Stores (SIC code 56). During the analysis we have compared the key financial ratios of the company with the average (median) values of those ratios calculated for the specific industry sector and for all industries. The averages are calculated using the data from financial statements for the year 2021 submitted to the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics with the median value, we have made a generalized conclusion about the quality of the financial condition of the company. Calculations and summary conclusions are made in a computerized way using software and methods developed by Consulting financial and analytical company Ankon.

As a result of the analysis of the key financial ratios of the company, we have established the following. The financial condition of Duluth Holdings Inc. in 2021 is much better than the financial condition of half of all companies engaged in the activity "Apparel And Accessory Stores"

A similar result was obtained when comparing the financial performance of the Company with the average ratios of all companies. The financial position of Duluth Holdings Inc. is better than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission.

Financial position and performance history


Additional data about Duluth Holdings Inc.

Closest competitors

Company USD ($), in Millions
Revenue Assets
Buckle, Inc. (The) 319 846
Boot Barn Holdings, Inc. 302 892
Genesco Inc. 267 1,587
Shoe Carnival, Inc. 254 643

See also all industry leaders

Financial data source and analysis principles

The above is a comparative analysis of the financial position and performance of the company. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is performed using the eleven key financial ratios (see table above). Company's financial ratios are compared with the median values of ratios of all companies and of companies within the same industry, and also with the quartiles of those ratios. Each ratio value is given a score ranging from -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis the individual scores are weighted equally to get an overall score ranging from -2 and +2.

much better (+1 - +2incl)
better (from 0.11 to +1incl)
about the same (from -0.11incl to +0.11incl)
worse (from -1incl to -0.11)
much worse (from -2incl to -1)
"Change during the year" calculation

Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:

improved considerably (positive change of more than 1 point)
improved (positive change of less than 1 point)
unchanged (little or no change in score, no more than 0.11 points)
deteriorated (the score has decreased by less than 1 point during the year)
deteriorated considerably (the score has decreased by more than 1 point during the year)


Please note: The presented analysis does not indicate a poor or good financial position of the company, but gives its description relative to other U.S. businesses. For a detailed financial analysis please use "ReadyRatios Financial Analysis" - load the data into the program>>

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