Flowers Foods Inc (FLO)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,351,780 1,374,650 1,470,070 1,461,590 1,443,290 1,434,760 1,459,420 1,411,270 1,411,930 1,425,130 1,413,370 1,372,990 1,351,490 1,336,490 1,320,610 1,263,430 1,293,330 1,294,270 1,267,930 1,258,270
Debt-to-capital ratio 0.44 0.43 0.42 0.42 0.38 0.38 0.38 0.39 0.39 0.38 0.39 0.41 0.43 0.43 0.45 0.41 0.40 0.41 0.42 0.44

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,048,140K ÷ ($1,048,140K + $1,351,780K)
= 0.44

The debt-to-capital ratio of Flowers Foods Inc has been relatively stable over the past few years, ranging from 0.38 to 0.45. This ratio measures the proportion of debt financing in relation to the total capital structure of the company and indicates the extent to which the company relies on debt to fund its operations and growth.

Based on the trend observed, the company's debt-to-capital ratio has increased slightly in recent periods, reaching its peak at 0.45 in April 2020 and December 2019. This may suggest that Flowers Foods Inc has been taking on more debt compared to its equity, potentially to finance expansion or other strategic initiatives.

Overall, the debt-to-capital ratio of Flowers Foods Inc indicates a moderate level of leverage, which could be manageable depending on the company's ability to generate sufficient cash flow to service its debt obligations. Investors and stakeholders may monitor this ratio to assess the company's financial risk and liquidity position.