Grocery Outlet Holding Corp (GO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,219,340 | 1,203,090 | 1,164,810 | 1,127,540 | 1,110,210 | 1,085,310 | 1,056,690 | 1,024,070 | 1,009,270 | 994,031 | 973,883 | 948,086 | 922,307 | 888,826 | 833,401 | 784,628 | 745,384 | 730,878 |
| Debt-to-capital ratio | 0.19 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 |
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 of Grocery Outlet Holding Corp has shown fluctuations over the recent quarters. As of December 31, 2019, the ratio stood at 0.40, indicating that 40% of the company's capital structure was financed by debt. However, in the subsequent quarters, this ratio decreased significantly, reaching 0.00 by September 30, 2023. This suggests that the company has reduced its reliance on debt financing in favor of other forms of capital. It is worth noting the sudden drop in the ratio from 0.25 in December 2022 to 0.00 in March 2023, which may indicate a strategic shift in the company's financial structure. Overall, the decreasing trend in the debt-to-capital ratio reflects a potentially stronger capital position and lower financial risk for Grocery Outlet Holding Corp in recent periods.
Peer comparison
Dec 31, 2023