ConAgra Foods Inc (CAG)

Debt-to-assets ratio

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
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	8,088,200	9,540,000	10,190,000	10,320,000	8,275,200	9,990,000	10,850,000	11,380,000	8,900,800	11,390,000	11,610,000	11,660,000
Total assets	US$ in thousands	20,862,300	21,919,900	22,120,000	22,365,400	22,052,600	22,454,200	22,414,000	22,219,500	22,435,100	22,499,300	22,592,000	22,539,900	22,195,600	22,105,100	22,276,700	22,377,300	22,304,000	22,202,100	22,492,600	22,354,500
Debt-to-assets ratio		0.36	0.38	0.37	0.37	0.32	0.37	0.39	0.39	0.36	0.42	0.45	0.46	0.37	0.45	0.49	0.51	0.40	0.51	0.52	0.52

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 of ConAgra Foods Inc has shown some fluctuations over the past several quarters, ranging from 0.32 to 0.52. A lower debt-to-assets ratio indicates that the company has a lower level of debt relative to its total assets, which may suggest a lower financial risk and greater financial stability.

In the latest quarter, as of May 26, 2024, the debt-to-assets ratio stands at 0.36, which is relatively lower compared to the previous quarter. This could indicate a decrease in the company's reliance on debt financing or an increase in asset base.

Overall, the trend in the debt-to-assets ratio of ConAgra Foods Inc seems to be fluctuating around the 0.4 range, with some quarters showing higher ratios, reaching up to 0.52. This implies that the company has been managing a moderate level of debt in relation to its total assets, but it is essential to closely monitor any significant changes in this ratio to assess the company's financial leverage and risk management strategies.