B&G Foods Inc (BGS)

Solvency ratios

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
Debt-to-assets ratio 0.67 0.53 0.53 0.60 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
Debt-to-capital ratio 0.79 0.71 0.70 0.72 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
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
Financial leverage ratio 5.71 4.53 4.38 4.30 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

The solvency ratios of B&G Foods Inc indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: This ratio shows the proportion of the company's assets financed by debt. B&G Foods Inc's debt-to-assets ratio fluctuated between 0.49 and 0.67 over the period analyzed. The lower the ratio, the lower the financial risk as it suggests a larger proportion of assets are funded by equity.

2. Debt-to-capital ratio: This ratio represents the percentage of the company's capital that is financed by debt. B&G Foods Inc's debt-to-capital ratio ranged from 0.68 to 0.79 during the period under review. A higher ratio indicates a higher level of financial risk and reliance on debt financing.

3. Debt-to-equity ratio: This ratio reflects the balance between debt and equity in financing the company's assets. B&G Foods Inc's debt-to-equity ratio varied from 2.14 to 3.84 over the analyzed period. A higher ratio suggests higher financial leverage and risk, as the company has more debt compared to equity.

4. Financial leverage ratio: This ratio measures the company's financial leverage and indicates the proportion of the company's assets that are financed by debt. B&G Foods Inc's financial leverage ratio ranged from 3.89 to 5.71 during the period in question. A higher ratio indicates higher financial risk due to increased reliance on debt for financing.

Overall, B&G Foods Inc's solvency ratios show fluctuations over time, indicating varying levels of financial risk and leverage. It is crucial for stakeholders to monitor these ratios to assess the company's ability to meet its long-term financial obligations and manage its debt effectively.

Coverage ratios

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
Interest coverage -1.48 1.36 -0.06 0.29 8.60 16.78 20.23 16.69 2.98 1.00 1.98 1.78 1.83 2.09 2.42 2.71 2.72 2.65 2.49 2.16

B&G Foods Inc's interest coverage ratio, which indicates the company's ability to meet interest payments on its debt, fluctuated over the period. The interest coverage ratio ranged from a low of 0.29 on March 31, 2024, to a high of 20.23 on June 30, 2023. A ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses, which could indicate financial distress. Notably, negative ratios on June 30, 2024, and December 31, 2024, indicate potential challenges in meeting interest obligations with current operating income. Furthermore, the significant increase in the ratio to 16.69 on March 31, 2023, followed by a decline to 0.29 within a year, highlights the volatility and fluctuations in B&G Foods Inc's financial performance. It is essential for the company to closely monitor its interest coverage ratio to ensure sustainable debt management and financial stability.