ConAgra Foods Inc (CAG)
Debt-to-equity 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-equity ratio | 0.00 | 0.89 | 0.00 | 0.81 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,440,400K
= 0.00
The debt-to-equity ratio of ConAgra Foods Inc has fluctuated over the past few years. It was 0.00 as of May 31, 2022, indicating that there was no debt in the company's capital structure at that time. However, by May 28, 2023, the ratio increased to 0.81, implying that the company started to take on debt relative to its equity.
Subsequently, the debt-to-equity ratio decreased to 0.00 as of May 31, 2023, suggesting that the company paid off its debt or made changes to its capital structure. However, by May 26, 2024, the ratio rose again to 0.89, indicating a higher level of debt in relation to equity.
As of May 31, 2024, the ratio went back down to 0.00, suggesting a similar scenario to the previous period where the company effectively managed to eliminate its debt. Overall, the fluctuation in the debt-to-equity ratio reflects changes in ConAgra Foods Inc's financial leverage and capital structure over the analyzed periods.
Peer comparison
May 31, 2024