Grocery Outlet Holding Corp (GO)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 287,107 | — | — | — | 379,650 | — | — | — | — | — | — | — | — | — | — | — | — | 478,454 |
| Total assets | US$ in thousands | 2,969,590 | 2,929,460 | 2,823,090 | 2,769,680 | 2,772,400 | 2,751,030 | 2,693,400 | 2,707,050 | 2,669,810 | 2,617,670 | 2,565,750 | 2,498,740 | 2,485,620 | 2,394,270 | 2,324,290 | 2,319,100 | 2,185,530 | 2,134,850 |
| Debt-to-assets ratio | 0.10 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $287,107K ÷ $2,969,590K
= 0.10
The debt-to-assets ratio of Grocery Outlet Holding Corp has shown some fluctuation over the past few quarters. The ratio was 0.10 as of December 31, 2023, indicating that 10% of the company's assets were financed by debt. This was a decrease from the previous quarter's ratio of 0.14 as of September 30, 2023.
It is noteworthy that the company had no debt recorded as a percentage of assets in several quarters, including June 30, 2023, March 31, 2023, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021. This suggests that Grocery Outlet Holding Corp has been managing its capital structure with little reliance on debt financing during these periods.
The highest debt-to-assets ratio within the analyzed timeframe was 0.22 as of December 31, 2019. This could indicate a relatively higher level of debt compared to assets at that point in time.
Overall, a lower debt-to-assets ratio generally suggests lower financial risk and greater financial stability, as it indicates a smaller proportion of assets being financed by debt. However, it is essential to consider the company's overall financial health and growth prospects in conjunction with the debt-to-assets ratio to assess its financial position accurately.
Peer comparison
Dec 31, 2023