ConAgra Foods Inc (CAG)

Solvency ratios

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
Debt-to-assets ratio 0.36 0.38 0.37 0.37 0.32 0.37 0.39 0.39 0.36 0.42 0.45 0.46 0.37 0.45 0.49 0.51 0.40 0.51 0.52 0.52
Debt-to-capital ratio 0.47 0.48 0.47 0.49 0.45 0.48 0.50 0.51 0.48 0.52 0.54 0.55 0.49 0.55 0.56 0.58 0.53 0.59 0.60 0.61
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
Financial leverage ratio 2.47 2.39 2.46 2.52 2.52 2.53 2.59 2.61 2.55 2.56 2.60 2.63 2.60 2.68 2.65 2.76 2.83 2.85 2.95 3.00

ConAgra Foods Inc's solvency ratios provide insights into the company's ability to meet its financial obligations and manage its debt levels effectively.

The Debt-to-assets ratio has shown fluctuations over time, ranging from 0.32 to 0.52. This ratio indicates that between 32% to 52% of the company's assets are financed by debt, with a lower ratio indicating a lower dependency on debt to finance its operations.

The Debt-to-capital ratio has also exhibited variability, fluctuating between 0.45 to 0.61. This ratio reflects the proportion of the company's capital that is financed through debt, showing a range of 45% to 61%. A higher ratio indicates a higher reliance on debt for capital.

The Debt-to-equity ratio has demonstrated similar fluctuations, ranging from 0.81 to 1.57, indicating the company's debt levels relative to shareholders' equity. A higher ratio signifies a higher level of debt compared to equity, which may raise concerns about the company's financial stability and ability to handle debt repayment.

The Financial leverage ratio, ranging from 2.39 to 3.00, provides an overall view of the company's leverage position. This ratio shows how much of the company's assets are financed through debt compared to equity, with a higher ratio indicating higher financial leverage and potentially higher financial risk.

Overall, ConAgra Foods Inc's solvency ratios suggest a fluctuating level of debt financing over time, with some ratios indicating increasing reliance on debt. It is important for investors and stakeholders to monitor these ratios to assess the company's solvency and financial health.

Coverage ratios

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
Interest coverage 2.62 4.08 4.11 4.51 3.50 3.84 3.54 3.12 4.09 4.31 4.55 4.83 4.97 5.03 4.59 4.18 3.65 3.41 3.41 3.53

The interest coverage ratio for ConAgra Foods Inc has shown some fluctuations over the periods analyzed. The ratio indicates the company's ability to pay interest on its outstanding debt with its earnings before interest and taxes (EBIT).

Looking at the data, we can see that the interest coverage ratio has ranged from a low of 2.62 to a high of 5.03 over the past several quarters. A ratio above 1 indicates that the company generates enough earnings to cover its interest expenses.

Overall, the trend indicates that ConAgra Foods Inc has generally maintained a healthy interest coverage ratio, with most values comfortably above 3. This suggests that the company has a sufficient buffer to cover its interest obligations using its operating income. However, it is worth noting that the ratio has experienced some variability, which could be due to changes in the company's financial performance or capital structure during these periods.

It would be recommended for stakeholders and investors to continue monitoring this ratio along with other financial metrics to assess the company's financial health and ability to meet its debt obligations.