Cal-Maine Foods Inc (CALM)
Financial leverage ratio
| Jun 1, 2024 | Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,184,760 | 1,954,520 | 1,427,490 | 1,229,170 | 1,206,690 |
| Total stockholders’ equity | US$ in thousands | 1,800,150 | 1,611,080 | 1,104,550 | 1,012,780 | 1,009,680 |
| Financial leverage ratio | 1.21 | 1.21 | 1.29 | 1.21 | 1.20 |
June 1, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,184,760K ÷ $1,800,150K
= 1.21
The financial leverage ratio of Cal-Maine Foods Inc has shown some fluctuations over the past five years. The ratio was 1.20 in May 2020, increased to 1.21 in May 2021 and Jun 2023, and peaked at 1.29 in May 2022 before dropping back to 1.21 in Jun 2024. This indicates that the company's reliance on debt to finance its operations has varied, with a notable increase in leverage in May 2022. Overall, the financial leverage ratio has remained relatively stable within a range of 1.20 to 1.29 over the past five years, suggesting that the company has maintained a moderate level of financial leverage during this period.