Cal-Maine Foods Inc (CALM)
Financial leverage ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,102,490 | 3,081,570 | 2,490,100 | 2,390,010 | 2,184,760 | 2,198,940 | 2,133,530 | 2,133,530 | 1,966,800 | 1,966,800 | 1,900,370 | 1,900,370 | 1,954,520 | 1,954,520 | 1,992,480 | 1,992,480 | 1,763,440 | 1,763,440 | 1,554,730 | 1,554,730 |
| Total stockholders’ equity | US$ in thousands | 2,560,620 | 2,381,770 | 2,045,370 | 1,902,550 | 1,800,150 | 1,800,150 | 1,723,750 | 1,723,750 | 1,626,410 | 1,626,410 | 1,613,340 | 1,613,340 | 1,611,080 | 1,611,080 | 1,535,990 | 1,535,990 | 1,320,960 | 1,320,960 | 1,188,320 | 1,188,320 |
| Financial leverage ratio | 1.21 | 1.29 | 1.22 | 1.26 | 1.21 | 1.22 | 1.24 | 1.24 | 1.21 | 1.21 | 1.18 | 1.18 | 1.21 | 1.21 | 1.30 | 1.30 | 1.33 | 1.33 | 1.31 | 1.31 |
May 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,102,490K ÷ $2,560,620K
= 1.21
The financial leverage ratio of Cal-Maine Foods Inc. across the observed periods indicates a relatively stable use of debt relative to equity, with slight fluctuations over time. The ratio has predominantly ranged between 1.18 and 1.33 throughout the timeline from late August 2022 to early 2025.
Initially, the ratio stood at 1.31 in August 2022, maintaining this level through August and November of that year. A marginal increase was observed towards late November 2022, reaching 1.33, which persisted into early 2023. In the subsequent months, a gradual decline commenced, with the ratio decreasing steadily to approximately 1.21-1.22 between May and August 2024. The ratio then showed modest increases again, reaching approximately 1.24-1.29 in early 2025.
Overall, the trend reflects a cautious approach to leverage, characterized by minor variances rather than significant swings. The observed ratio suggests that Cal-Maine Foods Inc. maintains a balanced leverage position, neither excessively relying on debt nor overly conservative, thereby indicating prudent financial management with a consistent approach to leveraging assets.