B&G Foods Inc (BGS)

Debt-to-capital 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 stockholders’ equity US$ in thousands 524,807 835,463 868,166 920,254 831,877
Debt-to-capital ratio 0.79 0.71 0.73 0.71 0.74

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,014,820K ÷ ($2,014,820K + $524,807K)
= 0.79

B&G Foods Inc's debt-to-capital ratio has shown a fluctuating trend over the past five years. Starting at 0.74 in December 31, 2020, the ratio decreased slightly to 0.71 by December 31, 2021. It then increased to 0.73 by December 31, 2022 before decreasing again to 0.71 by December 31, 2023. However, there was a notable increase to 0.79 by December 31, 2024.

The debt-to-capital ratio indicates the proportion of the company's capital provided by debt financing. A higher ratio suggests a higher dependence on debt to finance operations and growth, which can increase financial risk. The fluctuation in B&G Foods Inc's ratio over time could indicate varying levels of debt and capital structure management by the company.

It would be important for stakeholders to closely monitor this ratio and the company's overall debt levels to assess its financial health and risk profile. Additionally, B&G Foods Inc may need to evaluate its debt management strategies to ensure sustainable growth and financial stability in the long term.