B&G Foods Inc (BGS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,994,050 | 3,463,290 | 3,841,610 | 3,828,540 | 3,767,570 |
| Total stockholders’ equity | US$ in thousands | 524,807 | 835,463 | 868,166 | 920,254 | 831,877 |
| Financial leverage ratio | 5.71 | 4.15 | 4.42 | 4.16 | 4.53 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,994,050K ÷ $524,807K
= 5.71
The financial leverage ratio of B&G Foods Inc, a measure of the company's debt relative to its equity, has exhibited some fluctuations over the past five years.
As of December 31, 2020, the financial leverage ratio stood at 4.53, indicating that the company had $4.53 in debt for every $1 of equity. By the end of 2021, the ratio decreased to 4.16, suggesting a slight improvement in the company's debt-to-equity position.
In 2022, the ratio increased to 4.42, reflecting a higher level of debt relative to equity compared to the previous year. However, by the end of 2023, the financial leverage ratio dropped to 4.15, signaling a potential reduction in the company's debt burden or an increase in equity.
The most notable change occurred by December 31, 2024, when the financial leverage ratio surged to 5.71. This significant increase indicates a substantial rise in debt relative to equity, which may raise concerns about the company's financial risk and solvency.
Overall, the trend in B&G Foods Inc's financial leverage ratio over the five-year period suggests some variability in the company's capital structure and financial risk profile, with a notable spike in leverage in 2024 potentially warranting further analysis and attention.
Peer comparison
Dec 31, 2024