Grocery Outlet Holding Corp (GO)
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 | 3,173,820 | 2,969,590 | 2,772,400 | 2,669,810 | 2,485,620 |
| 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 ÷ $3,173,820K
= 0.00
The debt-to-assets ratio for Grocery Outlet Holding Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to support its operations or growth during this period. A debt-to-assets ratio of 0.00 signifies that the company's total liabilities are effectively non-existent or negligible in comparison to its total assets. While a low debt-to-assets ratio could imply lower financial risk and less leverage, it may also suggest missed opportunities to use debt strategically for expansion or investment. It is important to note that a debt-free approach can offer stability but may limit potential growth options that could be achieved through prudent debt management.
Peer comparison
Dec 31, 2024