John B Sanfilippo & Son Inc (JBSS)
Debt-to-assets ratio
| Jun 30, 2024 | Mar 31, 2024 | 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 23, 2021 | Sep 23, 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 | 6,496 | 6,638 | 6,654 | 7,033 | 7,421 | 6,865 | 8,118 | 9,583 | 11,179 | 12,669 | 14,282 | 15,360 | 16,210 | 16,250 | 17,180 | 18,489 | 20,186 | 22,946 | 24,164 | 25,710 |
| Total assets | US$ in thousands | 515,575 | 491,928 | 484,459 | 424,853 | 425,287 | 445,060 | 425,930 | 440,771 | 447,262 | 453,579 | 426,722 | 407,161 | 398,455 | 392,228 | 397,561 | 396,758 | 407,457 | 430,694 | 399,703 | 393,222 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 |
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 relatively stable trend over the past several quarters, ranging from 0.01 to 0.07. The ratio indicates that the company has maintained a conservative level of debt relative to its assets, with the highest ratio recorded being 0.07 in the most recent period.
Having a low debt-to-assets ratio suggests that the company has a strong financial position with a lower level of financial risk. It indicates that John B Sanfilippo & Son Inc relies more on equity financing rather than debt to fund its operations and investments. This can be viewed positively by investors and creditors as it signifies a lower probability of financial distress and potential default.
Overall, the consistent low level of debt-to-assets ratio for John B Sanfilippo & Son Inc indicates prudent financial management and a healthy balance sheet position.
Peer comparison
Jun 30, 2024