Flowers Foods Inc (FLO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,400,450 | 3,426,950 | 3,312,990 | 3,253,310 | 3,323,020 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,400,450K
= 0.00
The debt-to-assets ratio for Flowers Foods Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to acquire assets during this period and has funded its operations primarily through equity and retained earnings. A low or zero debt-to-assets ratio suggests that Flowers Foods has a strong financial position with minimal financial risk associated with debt repayment. It also reflects the company's conservative approach to managing its capital structure and financial leverage.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Flowers Foods Inc
FLO
0.00
B&G Foods Inc
BGS
0.67
Bellring Brands LLC
BRBR
1.00
Campbell Soup Company Common Stock
CPB
0.00
ConAgra Foods Inc
CAG
0.00
Mondelez International Inc
MDLZ
0.00
Simply Good Foods Co
SMPL
0.16
The Hain Celestial Group Inc
HAIN
0.00