ConAgra Foods Inc (CAG)
Financial leverage ratio
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 20,862,300 | 20,862,300 | 22,052,600 | 22,052,600 | 22,435,100 |
| Total stockholders’ equity | US$ in thousands | 8,440,400 | 8,440,400 | 8,736,800 | 8,736,800 | 8,787,700 |
| Financial leverage ratio | 2.47 | 2.47 | 2.52 | 2.52 | 2.55 |
May 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,862,300K ÷ $8,440,400K
= 2.47
The financial leverage ratio of ConAgra Foods Inc has shown a relatively stable trend over the past few years. It decreased from 2.55 as of May 31, 2022, to 2.47 as of May 31, 2024. This indicates that the company's reliance on debt to finance its operations has slightly decreased, which could be a positive sign of improved financial health. However, it's important to note that a financial leverage ratio of 2.47 still suggests that ConAgra Foods Inc has a moderate level of debt in its capital structure. Overall, this stable trend in the financial leverage ratio reflects a prudent approach to managing the company's debt levels.
Peer comparison
May 31, 2024