Campbell Soup Company Common Stock (CPB)
Debt-to-assets ratio
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,235,000 | 12,058,000 | 11,892,000 | 11,734,000 | 12,372,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,235,000K
= 0.00
The debt-to-assets ratio for Campbell Soup Company Common Stock has consistently been reported as 0.00 over the past five years, including the most recent data as of July 28, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no financial leverage as it does not have any debt on its balance sheet relative to its total assets. This signifies that the company is primarily financing its operations and investments through equity rather than taking on debt. This could be seen as a positive sign of financial stability and strength, as it suggests the company has a lower risk of default and less exposure to interest rate fluctuations. However, it is important to consider that a very low debt-to-assets ratio could also imply that the company may not be taking advantage of potential tax benefits associated with debt financing or might not be leveraging opportunities for growth that could result from taking on a reasonable level of debt.
Peer comparison
Jul 28, 2024