Flowers Foods Inc (FLO)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 1,037,840 | — | 1,074,540 | — | 1,063,240 | — | — | 891,542 | — | — | 891,007 | — | — | 890,180 | — |
| Total assets | US$ in thousands | 3,400,450 | 3,429,960 | 3,428,060 | 3,429,170 | 3,426,950 | 3,434,640 | 3,434,640 | 3,505,840 | 3,505,840 | 3,481,870 | 3,481,870 | 3,312,990 | 3,343,310 | 3,343,310 | 3,340,720 | 3,332,340 | 3,332,340 | 3,253,310 | 3,323,400 | 3,323,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.31 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.27 | 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 of Flowers Foods Inc has shown some fluctuations over the analyzed period, ranging from 0.00 to 0.31. A lower debt-to-assets ratio indicates that the company relies less on debt to finance its operations and has a stronger financial position. On the other hand, a higher ratio may suggest higher financial risk as a significant portion of the company's assets is financed through debt.
Flowers Foods Inc had periods where the ratio was 0.00, indicating that the company had no debt relative to its total assets during those periods. This is generally considered a positive sign as it implies lower financial risk and more financial stability.
However, there were also periods where the debt-to-assets ratio increased to 0.27, 0.30, and 0.31, suggesting that the company utilized more debt to finance its assets during those times. It is important to monitor these fluctuations and assess the reasons behind the changes in the ratio to understand the company's debt management strategies and financial health effectively.
Overall, the trend of the debt-to-assets ratio for Flowers Foods Inc suggests a mix of periods with no debt and some instances of increased debt levels, highlighting the importance of maintaining a balance between debt and asset levels for optimal financial performance.
Peer comparison
Dec 31, 2024