John B Sanfilippo & Son Inc (JBSS)
Financial leverage ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 515,575 | 425,287 | 447,262 | 398,455 | 407,457 |
| Total stockholders’ equity | US$ in thousands | 322,613 | 292,207 | 278,821 | 242,494 | 238,238 |
| Financial leverage ratio | 1.60 | 1.46 | 1.60 | 1.64 | 1.71 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $515,575K ÷ $322,613K
= 1.60
The financial leverage ratio for John B Sanfilippo & Son Inc has shown some fluctuations over the past five years. The ratio was at 1.71 as of June 30, 2020, indicating that the company relied more on debt to finance its operations compared to its equity. However, there seems to have been a decreasing trend in the financial leverage ratio since then, with the ratio reaching its lowest point at 1.46 as of June 30, 2023.
Although the ratio increased slightly to 1.60 by June 30, 2024, it is still lower than the levels seen in the previous years. This indicates that the company has been reducing its reliance on debt as a source of financing and may be shifting towards a more conservative financial structure.
Overall, the trend in the financial leverage ratio suggests that John B Sanfilippo & Son Inc has been effectively managing its debt levels and working towards a more balanced capital structure. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to meet its financial obligations and evaluate its overall financial risk.
Peer comparison
Jun 30, 2024