Cal-Maine Foods Inc (CALM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 1, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,800,150K
= 0.00
The debt-to-equity ratio for Cal-Maine Foods Inc has been consistently at 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations during this period. This could suggest that the company has been primarily relying on equity financing, which can be a positive sign as it indicates a lower risk of financial distress due to high debt obligations. However, it is important to note that a debt-to-equity ratio of 0.00 may also indicate that the company is not taking advantage of potential leverage to enhance its returns on equity. Overall, further analysis and consideration of the company's financial strategy and overall financial health would be needed to fully assess the implications of the consistent 0.00 debt-to-equity ratio.