B&G Foods Inc (BGS)

Debt-to-equity ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 2,014,820 1,813,960 1,779,030 2,014,150 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
Total stockholders’ equity US$ in thousands 524,807 755,307 765,011 781,220 835,463 840,639 866,363 861,819 868,166 841,574 940,181 913,966 920,254 830,622 841,605 840,614 831,877 843,376 817,149 796,287
Debt-to-equity ratio 3.84 2.40 2.33 2.58 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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,014,820K ÷ $524,807K
= 3.84

The debt-to-equity ratio of B&G Foods Inc has been fluctuating over the past few years. It stood at 2.48 as of March 31, 2020, and gradually decreased to 2.14 by September 30, 2020. However, there was an increase in the ratio to 2.81 by December 31, 2020. The ratio continued to be relatively high, hovering around 2.5 to 3.0 throughout 2021 and 2022.

A notable peak was observed on December 31, 2024, with a ratio of 3.84, indicating a higher level of debt relative to equity at that point in time. It is important to note that a higher debt-to-equity ratio may indicate that the company is relying more on debt financing, which can lead to increased financial risk. However, the ratio alone may not provide a complete picture of the company's financial health, and it should be analyzed in conjunction with other financial ratios and factors.