Campbell’s Co (CPB)
Financial leverage ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,896,000 | 14,828,000 | 15,910,000 | 16,112,000 | 15,235,000 | 15,235,000 | 15,243,000 | 15,243,000 | 12,106,000 | 12,106,000 | 12,257,000 | 12,257,000 | 12,058,000 | 12,058,000 | 12,073,000 | 11,967,000 | 11,967,000 | 12,177,000 | 12,177,000 | 11,892,000 |
| Total stockholders’ equity | US$ in thousands | 3,904,000 | 3,870,000 | 3,910,000 | 3,842,000 | 3,794,000 | 3,794,000 | 3,913,000 | 3,913,000 | 3,849,000 | 3,849,000 | 3,755,000 | 3,755,000 | 3,663,000 | 3,661,000 | 3,588,000 | 3,599,000 | 3,599,000 | 3,467,000 | 3,467,000 | 3,331,000 |
| Financial leverage ratio | 3.82 | 3.83 | 4.07 | 4.19 | 4.02 | 4.02 | 3.90 | 3.90 | 3.15 | 3.15 | 3.26 | 3.26 | 3.29 | 3.29 | 3.36 | 3.33 | 3.33 | 3.51 | 3.51 | 3.57 |
July 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,896,000K ÷ $3,904,000K
= 3.82
The financial leverage ratio for Campbell’s Co demonstrates a general upward trend over the analyzed period, indicating increasing reliance on debt relative to equity to finance its assets. Starting at 3.57 as of July 31, 2022, the ratio exhibits minor fluctuations in the subsequent quarters, experiencing a slight decline to approximately 3.33–3.36 between January and April 2023.
However, from April 2024 onward, a notable upward trajectory emerges, with the ratio rising to 4.19 by October 2024, representing a significant increase in financial leverage. This trend suggests an increased dependence on debt during this period. The ratio remains elevated into early 2025, fluctuating slightly but maintaining levels above 3.80, and reaching a peak of approximately 4.02 during July 2024, October 2024, and April 2024.
This pattern indicates that Campbell’s Co has progressively increased its leverage ratio in recent periods, which could imply a strategic shift toward higher debt levels, potentially to finance growth initiatives or refinance existing obligations. Such increased leverage can amplify earnings volatility and financial risk if not managed prudently. Overall, the historical data reflects a cautious modest leverage position initially, followed by a steady escalation indicating higher financial risk exposure as of the latest reporting periods.