Campbell Soup Company Common Stock (CPB)
Debt-to-capital ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,794,000 | 3,794,000 | 3,663,000 | 3,661,000 | 3,331,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,794,000K)
= 0.00
The debt-to-capital ratio for Campbell Soup Company Common Stock has consistently been reported as 0.00 from July 31, 2022, to July 31, 2024. This indicates that the company has not used any debt to finance its operations or growth during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily equity-funded, reflecting a lower financial risk as there is no debt obligation to service. It suggests that the company may be relying more on equity financing or internal funds for its operations and expansion, which can be viewed positively by investors as it signifies a lower level of leverage and potential financial stability.
Peer comparison
Jul 31, 2024