Campbell Soup Company Common Stock (CPB)
Financial leverage ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,235,000 | 15,235,000 | 12,058,000 | 12,058,000 | 11,892,000 |
| Total stockholders’ equity | US$ in thousands | 3,794,000 | 3,794,000 | 3,663,000 | 3,661,000 | 3,331,000 |
| Financial leverage ratio | 4.02 | 4.02 | 3.29 | 3.29 | 3.57 |
July 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,235,000K ÷ $3,794,000K
= 4.02
The financial leverage ratio of Campbell Soup Company Common Stock has shown fluctuations over the years. As of July 31, 2022, the ratio stood at 3.57, indicating that the company had a higher level of debt relative to its equity. By July 30, 2023, the ratio decreased to 3.29, suggesting a slight improvement in the company's debt-to-equity structure. However, this level was maintained through July 31, 2023.
In the subsequent fiscal year, by July 28, 2024, the financial leverage ratio increased to 4.02, signaling a higher proportion of debt in the company's capital structure. This increase was maintained through July 31, 2024.
Overall, the fluctuations in Campbell Soup Company's financial leverage ratio indicate varying levels of leverage and financial risk over the years, potentially impacting the company's ability to meet its debt obligations and investors' perception of its financial health.
Peer comparison
Jul 31, 2024