Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
William Gordon Birchard IV
Covid-19 has brought on a large amount of debate on how debt has affected the retail industry. With financial data from 2019-2020 on the retail industry, this paper finds that a decrease in leverage ratios leads to an increase in the retail industry's market capitalization and value due to the Covid-19 pandemic. We also find that an increase in the current ratio leads to a significant increase in the market capitalization of the retail industry. Lastly, we see that Covid-19 had no significant effect on the income statements of the retail industry and the pandemic aided the retail industry into strengthening their balance sheets and leverage ratios in comparison to the Pre-Covid era.
Birchard IV, William, "How Debt Restructuring affects the Market Value and Financial Statements of the Retail Industry due to the Covid-19 pandemic" (2021). CMC Senior Theses. 2687.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.