John B Sanfilippo & Son Inc (JBSS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 322,613 | 321,812 | 307,237 | 287,367 | 292,207 | 292,318 | 275,663 | 269,163 | 278,821 | 254,779 | 241,803 | 228,165 | 242,494 | 230,903 | 244,007 | 223,299 | 238,238 | 243,268 | 228,916 | 234,050 |
| Debt-to-equity ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.11 | 0.11 |
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 few quarters, with values ranging between 0.02 to 0.11. This indicates that the company has been relying more on equity financing rather than debt to fund its operations and growth. A low debt-to-equity ratio is generally considered favorable as it signifies lower financial risk and indicates that the company is less reliant on external debt to finance its operations. However, it's essential to note that a very low debt-to-equity ratio may also suggest that the company is not taking advantage of potential leverage for growth. Overall, the consistent low values of the debt-to-equity ratio for John B Sanfilippo & Son Inc suggest a conservative approach to capital structure management.
Peer comparison
Jun 30, 2024