Cal-Maine Foods Inc (CALM)
Debt-to-capital ratio
| Jun 1, 2024 | Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,800,150 | 1,611,080 | 1,104,550 | 1,012,780 | 1,009,680 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 1, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,800,150K)
= 0.00
Based on the data provided for Cal-Maine Foods Inc's debt-to-capital ratio over the past five years, it appears that the company has consistently maintained a debt-to-capital ratio of 0.00. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is entirely equity-funded, indicating a low level of financial risk associated with debt obligations. It also implies that the company may have a strong financial position and ample liquidity to support its operations and growth without relying on external debt financing. However, it is essential to consider other financial ratios and factors to provide a comprehensive analysis of the company's overall financial health and performance.