ConAgra Foods Inc (CAG)

Debt-to-assets ratio

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Long-term debt	US$ in thousands	7,492,600	7,081,300	8,088,200	8,275,200	8,900,800
Total assets	US$ in thousands	20,862,300	22,052,600	22,435,100	22,195,600	22,304,000
Debt-to-assets ratio		0.36	0.32	0.36	0.37	0.40

May 26, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,492,600K ÷ $20,862,300K
= 0.36

The debt-to-assets ratio for ConAgra Foods Inc has fluctuated over the past five years, ranging from 0.32 to 0.40. This ratio indicates the proportion of the company's assets financed by debt. A decreasing trend in the ratio suggests that the company may be relying less on debt to fund its operations and investments, which could be viewed positively by creditors and investors. However, the ratio increased in the most recent year, implying a higher level of debt relative to assets compared to the previous year. It is essential for investors and creditors to monitor this ratio to evaluate the company's leverage and financial risk management.