ConAgra Foods Inc (CAG)

The provided data on ConAgra Foods Inc.'s debt-to-assets ratio indicates variability across the analyzed periods, with notable fluctuations observed between May 28, 2023, and May 26, 2024. Specifically, on May 28, 2023, the company’s debt-to-assets ratio stood at 0.32, suggesting that approximately 32% of its total assets were financed through debt at that time. By May 31, 2023, the ratio abruptly dropped to zero, which could imply a significant change such as the complete repayment of debt, a reporting anomaly, or a change in accounting policies that affected the ratio calculation.

The ratio increased again to 0.36 as of May 26, 2024, indicating a slight rise in leverage, with 36% of assets financed through debt. However, by May 31, 2024, the ratio once more registered at zero, followed by a continuation of zero on May 31, 2025. This consistent zero reading in later dates suggests that, during those periods, the company either reported no debt or did not disclose debt information in the manner that yields this ratio.

From a financial risk perspective, the initial ratio around 0.32 indicates moderate leverage, with debt constituting roughly one-third of the total assets, which can be considered within a manageable range depending on industry standards. The fluctuations to zero could imply an aggressive deleveraging or debt repayment strategy, or potentially, adjustments in reporting standards. The subsequent increase to 0.36 signals a modest return to leverage but remains relatively low.

In summary, the debt-to-assets ratio for ConAgra Foods Inc. demonstrates a pattern of low leverage with periods of zero reported debt, interspersed with slight increases in debt financing. These figures suggest that, over the analyzed period, the company maintained a generally conservative debt profile, with intermittent periods possibly indicating complete debt repayment or changes in reporting.

Peer comparison

May 31, 2025