ConAgra Foods Inc (CAG)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	8,440,400	9,154,900	9,004,000	8,884,500	8,736,800	8,866,400	8,666,300	8,504,300	8,787,700	8,774,600	8,679,000	8,557,000	8,551,800	8,251,800	8,392,000	8,121,400	7,876,100	7,785,000	7,612,100	7,440,100
Debt-to-equity ratio		0.89	0.91	0.90	0.94	0.81	0.93	1.01	1.02	0.92	1.09	1.17	1.21	0.97	1.21	1.29	1.40	1.13	1.46	1.53	1.57

May 26, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,492,600K ÷ $8,440,400K
= 0.89

The debt-to-equity ratio of ConAgra Foods Inc has shown fluctuations over the past several quarters. The ratio has ranged from 0.81 to 1.57 during the period covered by the data. A debt-to-equity ratio above 1 indicates that the company is using more debt than equity to finance its operations.

During the most recent quarter, the debt-to-equity ratio was 0.89, suggesting that the company had a higher proportion of equity relative to debt. This could indicate a conservative approach to financing and less reliance on debt for capital needs.

However, looking back at previous quarters, the company's debt-to-equity ratio has generally been on the higher side, peaking at 1.57 in the first quarter of 2020. This suggests a potential increase in financial leverage and risk associated with higher debt levels.

Overall, it is important for stakeholders to monitor the trend in the debt-to-equity ratio to assess the company's financial health and risk management strategies.