Grocery Outlet Holding Corp (GO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 287,107 | 379,650 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,219,340 | 1,110,210 | 1,009,270 | 922,307 | 745,384 |
| Debt-to-capital ratio | 0.19 | 0.25 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $287,107K ÷ ($287,107K + $1,219,340K)
= 0.19
The debt-to-capital ratio for Grocery Outlet Holding Corp has shown a fluctuating trend over the past five years. In 2019, the company had no debt, resulting in a debt-to-capital ratio of 0.00. However, for the subsequent years, there has been an increase in the ratio, reaching 0.25 in 2022 before decreasing to 0.19 in 2023. This indicates that the company has taken on debt relative to its capital base, with the highest leverage seen in 2022. Overall, the trend suggests that the company has started utilizing debt as a component of its capital structure in recent years, although it has shown some reduction in leverage in the most recent period.
Peer comparison
Dec 31, 2023