John B Sanfilippo & Son Inc (JBSS)
Debt-to-equity 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-equity ratio | 0.02 | 0.03 | 0.04 | 0.07 | 0.08 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,496K ÷ $322,613K
= 0.02
The debt-to-equity ratio of John B Sanfilippo & Son Inc has been consistently low over the past five years, indicating a conservative capital structure with a minimal reliance on debt financing. The trend shows a decreasing pattern from 0.08 in June 2020 to 0.02 in June 2024. This suggests that the company has been reducing its debt levels in relation to shareholders' equity over the years, which can be viewed positively by investors and creditors. A lower debt-to-equity ratio typically signifies lower financial risk and greater financial stability for the company. It indicates that the company has a lower proportion of debt in its capital structure compared to equity, which can offer a sense of security to investors. Overall, the consistent decrease in the debt-to-equity ratio of John B Sanfilippo & Son Inc reflects a prudent approach to managing its capital structure and financial leverage.
Peer comparison
Jun 30, 2024