Campbell Soup Company Common Stock (CPB)
Financial leverage ratio
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,235,000 | 15,243,000 | 12,106,000 | 12,257,000 | 12,058,000 | 12,073,000 | 11,967,000 | 12,177,000 | 11,892,000 | 11,847,000 | 11,991,000 | 11,899,000 | 11,734,000 | 11,730,000 | 12,498,000 | 12,417,000 | 12,372,000 | 12,718,000 | 11,654,000 | 13,110,000 |
| Total stockholders’ equity | US$ in thousands | 3,794,000 | 3,913,000 | 3,849,000 | 3,755,000 | 3,661,000 | 3,586,000 | 3,599,000 | 3,467,000 | 3,331,000 | 3,393,000 | 3,350,000 | 3,235,000 | 3,152,000 | 2,993,000 | 2,922,000 | 2,769,000 | 2,563,000 | 2,575,000 | 2,494,000 | 1,239,000 |
| Financial leverage ratio | 4.02 | 3.90 | 3.15 | 3.26 | 3.29 | 3.37 | 3.33 | 3.51 | 3.57 | 3.49 | 3.58 | 3.68 | 3.72 | 3.92 | 4.28 | 4.48 | 4.83 | 4.94 | 4.67 | 10.58 |
July 28, 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 fluctuated over the past several quarters, ranging from a low of 3.15 to a high of 10.58. The ratio measures the company's level of debt relative to its equity, indicating the extent to which the company relies on debt financing.
The company's financial leverage ratio has generally been on an upward trend, peaking at 10.58 in the most recent period. This may suggest that Campbell Soup Company has been increasing its reliance on debt to finance its operations or expansion initiatives.
It is important to note that a higher financial leverage ratio implies a higher level of financial risk, as the company has a larger proportion of debt in its capital structure. This could potentially lead to higher interest payments and lower financial flexibility, especially in times of economic downturns or disruptions.
Overall, the increasing trend in Campbell Soup Company's financial leverage ratio indicates a growing use of debt in its capital structure, which may warrant further analysis of the company's debt management and overall financial health.
Peer comparison
Jul 28, 2024