Campbell Soup Company Common Stock (CPB)
Debt-to-capital ratio
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,794,000 | 3,661,000 | 3,331,000 | 3,152,000 | 2,563,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 28, 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 of Campbell Soup Company Common Stock has remained at 0.00 across the five most recent fiscal years, indicating that the company has not utilized any debt to finance its operations relative to its total capital structure. This suggests that the company has been relying on equity financing rather than taking on debt to fund its activities. Additionally, it implies a lower financial risk for the company as it is not heavily leveraged, which could be viewed positively by investors and creditors. However, it is essential to consider the reasons behind the consistently low debt-to-capital ratio and how it aligns with the company's overall financial strategy.
Peer comparison
Jul 28, 2024