ConAgra Foods Inc (CAG)
Debt-to-capital ratio
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 7,492,600 | — | 7,081,300 | — |
| Total stockholders’ equity | US$ in thousands | 8,440,400 | 8,440,400 | 8,736,800 | 8,736,800 | 8,787,700 |
| Debt-to-capital ratio | 0.00 | 0.47 | 0.00 | 0.45 | 0.00 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,440,400K)
= 0.00
The debt-to-capital ratio of ConAgra Foods Inc has fluctuated over the past five years. As of May 31, 2022, the company had a debt-to-capital ratio of 0.00, indicating no debt relative to its total capital. However, this ratio increased to 0.45 as of May 28, 2023, suggesting a higher proportion of debt in the company's capital structure. Subsequently, the ratio decreased to 0.00 on May 31, 2023, before rising again to 0.47 on May 26, 2024. The most recent data as of May 31, 2024, shows a return to a debt-to-capital ratio of 0.00.
The fluctuations in the debt-to-capital ratio indicate changes in how ConAgra Foods Inc is financing its operations and investments. A lower ratio suggests a more conservative capital structure with less reliance on debt, while a higher ratio may indicate increased leverage and potential financial risk. It is important for stakeholders to monitor these changes in the debt-to-capital ratio to assess the company's financial health and risk profile.
Peer comparison
May 31, 2024