ConAgra Foods Inc (CAG)
Debt-to-capital ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,492,600 | 7,081,300 | 8,088,200 | 8,275,200 | 8,900,800 |
| Total stockholders’ equity | US$ in thousands | 8,440,400 | 8,736,800 | 8,787,700 | 8,551,800 | 7,876,100 |
| Debt-to-capital ratio | 0.47 | 0.45 | 0.48 | 0.49 | 0.53 |
May 26, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,492,600K ÷ ($7,492,600K + $8,440,400K)
= 0.47
The debt-to-capital ratio of ConAgra Foods Inc has shown a fluctuating trend over the past five years. The ratio decreased from 0.53 in May 2020 to 0.45 in May 2023, indicating a reduction in the company's reliance on debt relative to its total capital. However, in the subsequent years, the ratio saw an increase reaching 0.47 in May 2024. This implies that the company's debt levels relative to its total capital have slightly increased, which could indicate a higher financial risk or leverage. It is important for investors and stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
May 26, 2024