Campbell’s Co (CPB)
Financial leverage ratio
| Jul 31, 2025 | Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,896,000 | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 |
| Total stockholders’ equity | US$ in thousands | 3,904,000 | 3,794,000 | 3,794,000 | 3,663,000 | 3,661,000 |
| Financial leverage ratio | 3.82 | 4.02 | 4.02 | 3.29 | 3.29 |
July 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,896,000K ÷ $3,904,000K
= 3.82
The financial leverage ratio of Campbell’s Co demonstrates fluctuations over the specified period, indicating changes in the company's reliance on debt financing relative to its equity base. As of July 30, 2023, and July 31, 2023, the ratio stood at 3.29, suggesting a certain level of financial leverage consistent over these close dates. By July 28, 2024, the ratio increased to 4.02, marking a significant rise in financial leverage, which indicates an increased reliance on debt to finance assets or operations. This elevated level persisted until July 31, 2024, when the ratio remained at 4.02. Subsequently, by July 31, 2025, the ratio decreased slightly to 3.82, reflecting a reduction in leverage compared to the previous year, though still higher than the levels observed in mid-2023. Overall, the trend indicates periods of increased leverage around mid-2024, followed by a modest decrease, which may reflect strategic shifts toward reducing debt exposure or an improvement in equity position relative to debt.