B&G Foods Inc (BGS)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	835,463	840,639	866,363	861,819	868,166	841,574	940,181	913,966	920,254	830,622	841,605	840,614	831,877	843,376	817,149	796,287	812,542	843,415	868,360	877,119
Debt-to-equity ratio		2.42	2.29	2.59	2.65	2.69	2.87	2.44	2.50	2.46	2.90	2.76	2.77	2.81	2.14	2.29	2.48	2.31	2.53	2.08	1.87

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 shown some fluctuations over the past two years. The ratio has generally been above 2, indicating that the company relies more on debt financing rather than equity financing. This suggests that B&G Foods Inc has a higher level of financial leverage.

The trend in the debt-to-equity ratio shows some variability, with ratios ranging from 1.87 to 2.90. The ratio increased steadily from the fourth quarter of 2021 to the fourth quarter of 2022, peaking at 2.90. However, it then decreased slightly in the first and second quarters of 2023 before increasing again in the third quarter.

It is important to note that a high debt-to-equity ratio can indicate a higher financial risk for the company, as it may have difficulty in meeting its debt obligations in the long term. Therefore, investors and stakeholders should closely monitor B&G Foods Inc's ability to manage its debt levels and assess its overall financial health.