ConAgra Foods Inc (CAG)
Debt-to-assets ratio
| 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 | May 31, 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 | 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 | 22,435,100 |
| Debt-to-assets ratio | 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 | 0.00 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $20,744,500K
= 0.00
The debt-to-assets ratio for ConAgra Foods Inc fluctuated over the specified periods, with values ranging from 0.00 to 0.39. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests lower financial risk as it implies less reliance on debt to fund operations and investments.
ConAgra Foods Inc's debt-to-assets ratio of 0.00 on certain dates indicates that the company had no debt on its balance sheet relative to its total assets, which can be seen as a positive sign of financial health and stability.
However, the ratio increased to 0.39 on some dates, indicating that there was a higher level of debt being used to fund assets. It is essential to consider the reasons behind such fluctuations and the overall trend of the ratio over time to assess the company's financial leverage and risk management strategies effectively.
In summary, the debt-to-assets ratio of ConAgra Foods Inc varied over the specified periods, indicating fluctuations in its debt financing relative to its total assets. Further analysis would be needed to understand the implications of these changes on the company's financial position and performance.
Peer comparison
Feb 28, 2025