B&G Foods Inc (BGS)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,023,090	2,339,050	2,267,760	2,334,090	1,874,160
Total assets	US$ in thousands	3,463,290	3,841,610	3,828,540	3,767,570	3,227,590
Debt-to-assets ratio		0.58	0.61	0.59	0.62	0.58

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,023,090K ÷ $3,463,290K
= 0.58

The debt-to-assets ratio of B&G Foods Inc has fluctuated over the past five years, ranging from 0.58 to 0.62. A higher debt-to-assets ratio indicates that a larger portion of the company's assets is funded through debt rather than equity.

In 2023, the debt-to-assets ratio decreased to 0.58 from 0.61 in 2022, suggesting a slight improvement in the company's ability to cover its obligations with its assets. However, the ratio remains above the 0.5 threshold, indicating that more than half of the company's assets are financed by debt.

Overall, B&G Foods Inc has maintained a relatively stable debt-to-assets ratio over the years, signaling a consistent capital structure that relies moderately on debt financing. Investors and creditors may monitor this ratio to assess the company's financial leverage and risk management strategies.