Cal-Maine Foods Inc (CALM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,800,150K
= 0.00
The debt-to-equity ratio of Cal-Maine Foods Inc has consistently been 0.00 across multiple periods, indicating that the company has not utilized any debt to finance its operations relative to its equity. This suggests that the company has primarily relied on equity financing for its activities, which can be seen as a positive sign indicating financial stability and a lower level of financial risk. However, it is important to note that a very low or zero debt-to-equity ratio could also imply missed opportunities for leveraging debt to potentially enhance returns and growth. Further analysis of the company's financing strategy and overall financial health would be necessary to provide a more comprehensive assessment.