ConAgra Foods Inc (CAG)
Financial leverage ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 20,862,300 | 22,052,600 | 22,435,100 | 22,195,600 | 22,304,000 |
| Total stockholders’ equity | US$ in thousands | 8,440,400 | 8,736,800 | 8,787,700 | 8,551,800 | 7,876,100 |
| Financial leverage ratio | 2.47 | 2.52 | 2.55 | 2.60 | 2.83 |
May 26, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,862,300K ÷ $8,440,400K
= 2.47
ConAgra Foods Inc's financial leverage ratio has displayed a declining trend over the last five years, decreasing from 2.83 in May 2020 to 2.47 in May 2024. This indicates a relative reduction in the company's reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests that ConAgra Foods has been using less debt in its capital structure compared to its equity, which may imply a more conservative financial strategy. However, it is important to note that a lower financial leverage ratio may also limit the company's potential for leveraging debt for potential growth opportunities. Overall, the trend in ConAgra Foods' financial leverage ratio signals a move towards a more balanced and less leveraged capital structure.
Peer comparison
May 26, 2024