B&G Foods Inc (BGS)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	2,014,820	2,023,090	2,339,050	2,267,760	2,334,090
Total assets	US$ in thousands	2,994,050	3,463,290	3,841,610	3,828,540	3,767,570
Debt-to-assets ratio		0.67	0.58	0.61	0.59	0.62

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,014,820K ÷ $2,994,050K
= 0.67

Based on the provided data, B&G Foods Inc's debt-to-assets ratio has shown some fluctuations over the years. The ratio was 0.62 as of December 31, 2020, indicating that 62% of the company's assets were funded by debt at that time.

Subsequently, the ratio decreased to 0.59 by December 31, 2021, implying that the company reduced its reliance on debt to finance its assets. The ratio then increased slightly to 0.61 by December 31, 2022, before decreasing again to 0.58 by December 31, 2023. This suggests that B&G Foods Inc's debt level relative to its assets decreased, potentially indicating a stronger financial position.

However, by December 31, 2024, the ratio rose to 0.67, signaling an increase in the proportion of debt used to finance the company's assets. This uptick may indicate that B&G Foods Inc took on more debt during that period.

Overall, B&G Foods Inc's debt-to-assets ratio has exhibited some variability, with a general trend of fluctuation in the range of 0.58 to 0.67 over the years analyzed. It would be important to further investigate the reasons behind these fluctuations and assess the company's overall financial health and risk management strategies in relation to its debt levels.