Cal-Maine Foods Inc (CALM)
Debt-to-assets ratio
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,184,760 | 2,133,530 | 1,966,800 | 1,900,370 | 1,954,520 | 1,992,480 | 1,763,440 | 1,554,730 | 1,427,490 | 1,282,000 | 1,231,990 | 1,211,730 | 1,229,170 | 1,231,280 | 1,200,360 | 1,167,880 | 1,206,690 | 1,117,030 | 1,111,280 | 1,096,870 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 1, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,184,760K
= 0.00
The debt-to-assets ratio of Cal-Maine Foods Inc has consistently been reported as 0.00 in the financial statements across multiple periods. This indicates that the company has not used debt to finance its operations, as the ratio suggests that the company's total debt is zero relative to its total assets. A debt-to-assets ratio of 0.00 typically implies that the company is primarily using equity financing to fund its operations and investments, which could be a sign of financial stability and a lower risk profile. However, it is important to note that without any debt, the company may be missing out on potential tax advantages and leverage opportunities that debt financing can provide. Overall, a consistently low debt-to-assets ratio may suggest that Cal-Maine Foods Inc has a conservative approach to financing and risk management.