ConAgra Foods Inc (CAG)

Debt-to-assets ratio

May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 May 26, 2024 Feb 29, 2024 Feb 25, 2024 Nov 30, 2023 Nov 26, 2023 Aug 31, 2023 Aug 27, 2023 May 31, 2023 May 28, 2023 Feb 28, 2023 Feb 26, 2023 Nov 30, 2022 Nov 27, 2022 Aug 31, 2022 Aug 28, 2022
Long-term debt US$ in thousands — — — — — 7,492,600 — 8,290,000 — 8,110,000 — 8,370,000 — 7,081,300 — 8,250,000 — 8,790,000 — 8,710,000
Total assets US$ in thousands 22,568,100 20,744,500 21,018,100 21,247,800 20,862,300 20,862,300 21,919,900 21,919,900 22,120,000 22,120,000 22,365,400 22,365,400 22,052,600 22,052,600 22,454,200 22,454,200 22,414,000 22,414,000 22,219,500 22,219,500
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.36 0.00 0.38 0.00 0.37 0.00 0.37 0.00 0.32 0.00 0.37 0.00 0.39 0.00 0.39

May 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $22,568,100K
= 0.00

The debt-to-assets ratio for ConAgra Foods Inc. exhibits notable fluctuation over the observed periods. Historically, the ratio has been around 0.39 in late August and late November 2022, indicating that approximately 39% of the company's assets were financed through debt during these periods. However, there are several instances—specifically from late August 2022 onward—where the ratio drops to zero, suggesting that at these times, the company reported no debt relative to its assets, potentially due to accounting adjustments, periods of debt repayment, or reporting practices.

The ratio remained steady at approximately 0.37 from late February 2023 through late November 2023, reflecting a consistent debt-equity structure during this time. In specific periods, such as late May and late August 2023, the ratio persisted at about 0.37, further indicating stable debt levels relative to assets.

Subsequently, the data shows a return to a ratio of 0.38 in late February 2024, denoting a slight increase in leverage compared to prior periods with zero debt. Nonetheless, many subsequent periods again display a zero ratio, implying that the company may have transitioned to debt-free reporting or faced periods of negligible or no debt at these points.

Overall, the debt-to-assets ratio for ConAgra Foods Inc. demonstrates a pattern of periods of moderate leverage alternating with periods of apparent debt absence. This inconsistency could stem from reporting periods, debt management strategies, or accounting treatments, rather than a persistent change in the company's leverage policy. The relatively low and often zero ratios suggest a conservative approach to debt, with periods of debt non-inclusion or reduction.