B&G Foods Inc (BGS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	835,463	868,166	920,254	831,877	812,542
Debt-to-capital ratio		0.71	0.73	0.71	0.74	0.70

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,023,090K ÷ ($2,023,090K + $835,463K)
= 0.71

The debt-to-capital ratio of B&G Foods Inc has fluctuated over the past five years. As of December 31, 2023, the ratio stands at 0.71, slightly lower compared to the previous year. This indicates that the company's reliance on debt to finance its operations relative to its capital structure has decreased slightly, which may suggest improved financial stability. Despite some fluctuations, the ratio has generally remained within a narrow range between 0.70 and 0.74 in the last five years, indicating a consistent approach to managing its debt and capital. It is important to note that a lower debt-to-capital ratio signifies a lower level of financial risk, as the company has less debt relative to its total capital. Ultimately, monitoring this ratio over time can provide valuable insights into the company's financial health and its ability to meet its obligations.