Flowers Foods Inc (FLO)

Debt-to-assets ratio

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	1,048,140	1,037,840	1,074,540	1,063,240	891,842	891,542	891,007	890,609	890,180	889,878	889,577	960,103	1,009,840	1,009,600	1,069,350	862,778	874,284	888,541	934,463	974,594
Total assets	US$ in thousands	3,426,950	3,434,640	3,505,840	3,481,870	3,312,990	3,343,310	3,332,340	3,253,310	3,323,400	3,325,930	3,272,020	3,323,020	3,385,470	3,398,790	3,413,070	3,177,780	3,209,430	3,219,790	3,239,330	2,845,540
Debt-to-assets ratio		0.31	0.30	0.31	0.31	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.29	0.30	0.30	0.31	0.27	0.27	0.28	0.29	0.34

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,048,140K ÷ $3,426,950K
= 0.31

The debt-to-assets ratio for Flowers Foods Inc has been relatively stable over the past few years, ranging from 0.27 to 0.34. This ratio indicates the proportion of the company's assets that are financed through debt. With a current ratio of 0.31, we can see that around 31% of Flowers Foods Inc's assets are funded by debt, while the remaining 69% are funded by equity.

A ratio of 0.31 suggests that the company's level of debt is moderate compared to its asset base, indicating a healthy balance between debt and equity financing. However, it is important to note that the trend in the debt-to-assets ratio should be monitored over time to assess the company's changing capital structure and financial risk.