ConAgra Foods Inc (CAG)
Debt-to-assets ratio
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 7,492,600 | — | 7,081,300 | — |
| Total assets | US$ in thousands | 20,862,300 | 20,862,300 | 22,052,600 | 22,052,600 | 22,435,100 |
| Debt-to-assets ratio | 0.00 | 0.36 | 0.00 | 0.32 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $20,862,300K
= 0.00
The debt-to-assets ratio of ConAgra Foods Inc provides insight into the company's financial leverage and risk management. The ratio fluctuated over the period examined, starting at 0.00 on May 31, 2022, indicating no debt relative to its assets. It then increased to 0.32 on May 28, 2023, suggesting that around 32% of the company's assets were funded by debt. Subsequently, the ratio decreased to 0.00 on May 31, 2023, before rising again to 0.36 on May 26, 2024. This indicates that the company's reliance on debt to finance its assets increased, reaching 36% by May 26, 2024. It is important for investors and stakeholders to monitor these fluctuations in the debt-to-assets ratio as it can impact the company's financial stability and ability to meet its debt obligations.
Peer comparison
May 31, 2024