Cal-Maine Foods Inc (CALM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,800,150 | 1,723,750 | 1,626,410 | 1,613,340 | 1,611,080 | 1,535,990 | 1,320,960 | 1,188,320 | 1,104,550 | 1,030,330 | 997,448 | 995,567 | 1,012,780 | 1,016,450 | 1,004,710 | 991,945 | 1,009,680 | 947,448 | 933,731 | 941,301 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,800,150K)
= 0.00
The debt-to-capital ratio of Cal-Maine Foods Inc has consistently been 0.00 over the past 20 quarters. This indicates that the company has not utilized debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily equity-financed, which can be perceived positively as it reduces the financial risk associated with debt obligations. However, it's important to note that a low debt-to-capital ratio could also mean missed opportunities for leverage and potential tax advantages related to debt financing. Overall, the consistent 0.00 debt-to-capital ratio suggests a conservative financial strategy by Cal-Maine Foods Inc, but it may also reflect limitations or constraints in accessing debt capital markets or a deliberate decision to avoid debt.