Campbell Soup Company Common Stock (CPB)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 | 11,892,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 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 0.00 for the periods ending July 31, 2022, July 30, 2023, July 31, 2023, July 28, 2024, and July 31, 2024. This indicates that the company has no debt relative to its total assets during these periods. A lower debt-to-assets ratio suggests lower financial risk and indicates that the company is less reliant on debt financing to operate its business. Investors and stakeholders may view this positively as it signifies a strong financial position and potential for sustainable growth.
Peer comparison
Jul 31, 2024
Company name
Symbol
Debt-to-assets ratio
Campbell Soup Company Common Stock
CPB
0.00
B&G Foods Inc
BGS
0.67
Bellring Brands LLC
BRBR
1.00
ConAgra Foods Inc
CAG
0.00
Flowers Foods Inc
FLO
0.00
Mondelez International Inc
MDLZ
0.00
Simply Good Foods Co
SMPL
0.16
The Hain Celestial Group Inc
HAIN
0.00