Campbell Soup Company Common Stock (CPB)
Debt-to-assets ratio
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 15,235,000 | 15,243,000 | 12,106,000 | 12,257,000 | 12,058,000 | 12,073,000 | 11,967,000 | 12,177,000 | 11,892,000 | 11,847,000 | 11,991,000 | 11,899,000 | 11,734,000 | 11,730,000 | 12,498,000 | 12,417,000 | 12,372,000 | 12,718,000 | 11,654,000 | 13,110,000 |
| Debt-to-assets 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 |
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 at 0.00 over the past 20 quarters. This indicates that the company has not had any debt recorded on its balance sheet relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has been primarily financing its operations through equity rather than debt.
From this consistent trend, it can be inferred that Campbell Soup Company Common Stock has maintained a strong financial position with minimal reliance on debt to support its operations and investment activities. Investors and stakeholders may view this as a positive indicator of the company's financial stability and risk management strategy.
However, it is important to note that while a low or zero debt-to-assets ratio may signal financial strength, it may also limit the company's ability to leverage debt for potential growth opportunities or tax benefits. Overall, the consistent 0.00 debt-to-assets ratio for Campbell Soup Company Common Stock reflects a conservative approach to capital structure management.
Peer comparison
Jul 28, 2024