B&G Foods Inc (BGS)

Debt-to-equity 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-equity ratio		2.42	2.69	2.46	2.81	2.31

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,023,090K ÷ $835,463K
= 2.42

The debt-to-equity ratio of B&G Foods Inc has fluctuated over the past five years. The ratio was 2.42 at the end of 2023, showing a slight decrease from the previous year's ratio of 2.69. In 2021, the ratio was 2.46, which was lower compared to the ratio of 2.81 at the end of 2020. The lowest ratio observed during this period was in 2019 at 2.31.

Overall, the trend in the debt-to-equity ratio indicates that the company has been utilizing more debt to finance its operations relative to its equity over the years, although there has been some variation in the levels. It is important to further analyze the reasons behind these fluctuations and assess the implications of the changing debt-to-equity ratio on the company's financial leverage and risk profile.