Campbell Soup Company Common Stock (CPB)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Campbell Soup Company Common Stock has consistently maintained a low level of leverage based on the debt-to-assets, debt-to-capital, and debt-to-equity ratios, which have all been reported as 0.00 across various reporting periods. This indicates that the company relies minimally on debt financing to support its operations and investments.
However, the financial leverage ratio, which measures the extent of a company's financial leverage, has shown significant fluctuations over the periods analyzed. The ratio has ranged from 3.15 to 10.58, with an upward trend observed in recent quarters. This suggests that the company's reliance on debt has been increasing relative to its equity over time.
Overall, while Campbell Soup Company Common Stock has demonstrated a conservative approach to managing its debt obligations, investors may want to closely monitor the increasing trend in the financial leverage ratio to assess the potential impact on the company's solvency and financial stability in the future.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.04 | 5.62 | 6.31 | 6.52 | 7.00 | 6.59 | 6.66 | 6.48 | 6.16 | 7.36 | 7.13 | 7.20 | 7.33 | 5.79 | 5.78 | 7.17 | 6.22 | 5.58 | 4.94 | 2.00 |
Campbell Soup Company's interest coverage ratio has shown fluctuating trends over the analyzed periods. The interest coverage ratio, which represents the company's ability to meet interest payments on its debt obligations, peaked at 7.36 in May 1, 2022, indicating a strong ability to cover interest expenses with operating income. Conversely, the lowest interest coverage ratio of 2.00 was recorded on Oct 27, 2019, reflecting a potentially strained ability to cover interest payments from operating income during that period.
Overall, the interest coverage ratio for Campbell Soup Company Common Stock has demonstrated some variability but generally remained above 1.0, which is typically considered the minimum threshold for adequate coverage. This suggests that the company has generally been able to comfortably meet its interest obligations with its operating profits. It is important to monitor this ratio over time to assess the company's financial health and ability to service its debt.