Campbell Soup Company Common Stock (CPB)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 28, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,794,000K
= 0.00
The debt-to-equity ratio for Campbell Soup Company Common Stock in the last five fiscal years has consistently been reported as 0.00. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 signifies that the company has no financial leverage and is entirely funded by equity. While having no debt may suggest a lower risk of default, it also implies missed opportunities for potential tax benefits or leverage for business expansion. Overall, a low debt-to-equity ratio reflects a conservative financial strategy chosen by Campbell Soup Company Common Stock in managing its capital structure.
Peer comparison
Jul 28, 2024