John B Sanfilippo & Son Inc (JBSS)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,496 | 7,421 | 11,179 | 16,210 | 20,186 |
| Total assets | US$ in thousands | 515,575 | 425,287 | 447,262 | 398,455 | 407,457 |
| Debt-to-assets ratio | 0.01 | 0.02 | 0.02 | 0.04 | 0.05 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,496K ÷ $515,575K
= 0.01
The debt-to-assets ratio of John B Sanfilippo & Son Inc has shown a decreasing trend over the past five years, indicating a strengthening financial position in terms of leverage. The ratio decreased from 0.05 in June 2020 to 0.01 in June 2024. This improvement suggests that the company has been effectively managing its debt levels in relation to its total assets, resulting in a lower proportion of debt relative to its asset base. A decreasing trend in the debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and potentially higher solvency for the company. Overall, the declining debt-to-assets ratio of John B Sanfilippo & Son Inc demonstrates a favorable trend in their financial leverage position over the years.
Peer comparison
Jun 30, 2024