Grocery Outlet Holding Corp (GO)
Debt-to-equity 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-equity ratio | 0.24 | 0.00 | 0.00 | 0.00 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $287,107K ÷ $1,219,340K
= 0.24
The debt-to-equity ratio for Grocery Outlet Holding Corp fluctuated over the periods presented in the table. As of December 31, 2019, the ratio stood at 0.65, indicating that the company had a higher proportion of debt relative to equity. This ratio decreased significantly to 0.24 by December 31, 2023, suggesting a reduction in the company's reliance on debt financing in relation to equity.
Notably, for several periods in 2020 and 2021, the company reported a debt-to-equity ratio of 0.00, implying either minimal or no debt on the company's balance sheet during those quarters. This could be due to various factors, such as debt repayments, equity injections, or a combination of both.
Overall, the trend in the debt-to-equity ratio for Grocery Outlet Holding Corp reflects fluctuations in the capital structure and financing decisions of the company over the analyzed period. A decreasing ratio typically indicates lower financial risk and improved equity financing, while a higher ratio signals higher leverage and potential financial risks.
Peer comparison
Dec 31, 2023