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

Company name
Symbol
Debt-to-assets ratio
Grocery Outlet Holding Corp
GO
0.10
Kroger Company
KR
0.20
Sprouts Farmers Market LLC
SFM
0.00