B&G Foods Inc (BGS)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	1,874,160	2,133,490	1,802,630	1,636,750
Total assets	US$ in thousands	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	3,227,590	3,572,260	3,171,770	3,074,180
Debt-to-assets ratio		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	0.58	0.60	0.57	0.53

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 for B&G Foods Inc has shown some fluctuation over the past few quarters. Generally, a higher debt-to-assets ratio indicates higher financial risk, as it implies that a larger portion of the company's assets is financed through debt rather than equity.

From the data provided, we can see that the debt-to-assets ratio ranged from 0.49 to 0.62 over the past five quarters. The ratio hit its lowest point at 0.49 in September 2023 and its highest point at 0.62 in June 2021 and March 2021. This indicates that the company's reliance on debt to finance its assets has varied over time.

It is essential for stakeholders to monitor this ratio closely, as a consistently high debt-to-assets ratio may signal potential financial distress or constraints on the company's ability to meet its debt obligations. Conversely, a decreasing trend in the ratio may indicate that the company is becoming less reliant on debt for funding its operations.

Overall, the analysis of B&G Foods Inc's debt-to-assets ratio suggests that the company has been managing its debt levels within a certain range, but it is important for investors and creditors to continue monitoring this ratio for any significant changes that may impact the company's financial health.