Calavo Growers Inc (CVGW)
Debt-to-equity ratio
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,300 | 6,000 | 7,100 | 7,100 | 6,200 |
| Total stockholders’ equity | US$ in thousands | 208,837 | 222,356 | 225,515 | 254,530 | 284,181 |
| Debt-to-equity ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
October 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,300K ÷ $208,837K
= 0.03
The debt-to-equity ratio of Calavo Growers, Inc has fluctuated over the past five years. In 2023, the ratio stands at 0.22, signifying that the company has $0.22 in debt for every $1 of equity. This indicates a higher reliance on debt financing compared to equity. Comparatively, in 2022, the ratio was 0.03, reflecting a significantly lower level of debt relative to equity. In 2021, the ratio was 0.20, showing a moderate level of debt in relation to equity. In 2020, the ratio was 0.11, indicating a slight increase in debt proportional to equity. In 2019, the company exhibited a very conservative financial structure, with a debt-to-equity ratio of 0.02, suggesting minimal reliance on debt. This trend signals variation in the company’s capital structure and financial risk over the years, potentially impacting its ability to fund future growth and handle economic downturns.