B&G Foods Inc (BGS)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	2,014,820	1,813,960	1,779,030	2,014,150	2,023,090	1,929,140	2,245,630	2,281,460	2,339,050	2,418,090	2,292,140	2,281,200	2,267,760	2,406,830	2,325,910	2,329,990	2,334,090	1,804,590	1,874,440	1,974,860
Total assets	US$ in thousands	2,994,050	3,418,420	3,351,550	3,360,520	3,463,290	3,956,850	3,718,710	3,752,440	3,841,610	3,983,570	3,916,920	3,839,350	3,828,540	3,946,140	3,761,420	3,741,200	3,767,570	3,278,900	3,251,820	3,318,780
Debt-to-assets ratio		0.67	0.53	0.53	0.60	0.58	0.49	0.60	0.61	0.61	0.61	0.59	0.59	0.59	0.61	0.62	0.62	0.62	0.55	0.58	0.60

December 31, 2024 calculation

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

The debt-to-assets ratio of B&G Foods Inc has shown some fluctuations over the past few years, ranging from 0.49 to 0.67 as of December 31, 2024. Generally, a ratio above 0.5 indicates that the company finances a significant portion of its assets through debt.

The trend indicates that the company's reliance on debt to finance its assets has varied over time. The ratio decreased from 0.60 as of March 31, 2020, to 0.55 as of September 30, 2020, suggesting a reduction in debt relative to assets. However, there was a subsequent increase to 0.62 by December 31, 2020, maintained through the first half of 2021, indicating a higher proportion of debt relative to assets during that period.

From September 2021 to September 2023, the ratio remained relatively stable between 0.49 and 0.61, with a slight dip to 0.49 as of September 30, 2023. However, there was a notable increase to 0.67 by December 31, 2024, suggesting a relatively higher level of debt compared to the total assets at that point in time.

Overall, monitoring the debt-to-assets ratio is crucial for assessing the company's financial leverage and risk management strategies. Fluctuations in this ratio can provide insights into the company's capital structure decisions and its ability to meet debt obligations.