B&G Foods Inc (BGS)

Solvency ratios

	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
Debt-to-assets ratio	0.58	0.49	0.60	0.61	0.61	0.61	0.59	0.59	0.59	0.61	0.62	0.62	0.62	0.55	0.58	0.60	0.58	0.60	0.57	0.53
Debt-to-capital ratio	0.71	0.70	0.72	0.73	0.73	0.74	0.71	0.71	0.71	0.74	0.73	0.73	0.74	0.68	0.70	0.71	0.70	0.72	0.67	0.65
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
Financial leverage ratio	4.15	4.71	4.29	4.35	4.42	4.73	4.17	4.20	4.16	4.75	4.47	4.45	4.53	3.89	3.98	4.17	3.97	4.24	3.65	3.50

The solvency ratios of B&G Foods Inc indicate the company's ability to meet its long-term financial obligations. The trend analysis reveals fluctuations in the company's solvency position over the past few quarters.

The debt-to-assets ratio has ranged from 0.49 to 0.62, with a recent value of 0.58 as of December 31, 2023. This ratio indicates that 58% of the company's assets are financed by debt. There has been some variability in this ratio, but it has generally remained within a relatively stable range.

The debt-to-capital ratio, ranging from 0.65 to 0.74, was 0.71 as of December 31, 2023. This ratio signifies that 71% of the company's capital is derived from debt. The trend in this ratio has been slightly fluctuating but has not seen any significant deviations from the average.

The debt-to-equity ratio has fluctuated between 1.87 and 2.90, with a value of 2.42 as of December 31, 2023. This ratio suggests that the company relies heavily on debt, specifically being 2.42 times leveraged. The trend in this ratio indicates a slight increase in leverage over the quarters.

The financial leverage ratio has varied from 3.50 to 4.75, with a recent value of 4.15 as of December 31, 2023. This ratio signifies that the company's assets are funded through debt to equity at a ratio of 4.15. The trend analysis shows some fluctuations, with the ratio currently below the highest levels seen.

Overall, the solvency ratios reveal that B&G Foods Inc's capital structure is primarily debt-funded, with some fluctuations in the leverage levels. It is crucial for the company to monitor and manage these ratios to ensure a healthy balance between debt and equity financing to meet its financial obligations effectively.

Coverage ratios

	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
Interest coverage	1.65	2.30	2.77	2.29	2.98	1.00	1.98	1.78	1.83	2.09	2.42	2.71	2.72	2.65	2.49	2.16	2.08	3.51	3.42	3.19

The interest coverage ratio for B&G Foods Inc has fluctuated over the past few quarters, indicating varying degrees of the company's ability to cover its interest expenses with its operating income. In general, an interest coverage ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses, which could be a cause for concern.

Looking at the data, the interest coverage ratio ranged from a low of 1.00 in September 2022 to a high of 3.51 in September 2019. The most recent ratio of 1.65 as of December 2023 is on the lower side, implying that the company may be experiencing some challenges in meeting its interest obligations. However, it is worth noting that the ratios have shown some improvement since the low in September 2022.

Overall, while the company has experienced fluctuations in its interest coverage ratio, it is important to monitor this metric closely to ensure that B&G Foods Inc can continue to meet its interest payments and avoid financial difficulties.