John B Sanfilippo & Son Inc (JBSS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 322,613 | 292,207 | 278,821 | 242,494 | 238,238 |
| Debt-to-capital ratio | 0.02 | 0.02 | 0.04 | 0.06 | 0.08 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,496K ÷ ($6,496K + $322,613K)
= 0.02
The debt-to-capital ratio of John B Sanfilippo & Son Inc has shown a decreasing trend over the past five years, indicating a more conservative capital structure. In 2020, the ratio was at 0.08, which then decreased to 0.06 in 2021 and further to 0.04 in 2022. By 2023 and 2024, the ratio remained constant at 0.02, suggesting that the company has been managing its debt levels effectively relative to its capital. This trend implies that the company is relying less on debt financing and has a higher proportion of equity in its capital structure, which could potentially indicate lower financial risk and better financial health.
Peer comparison
Jun 30, 2024