John B Sanfilippo & Son Inc (JBSS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.60 | 1.53 | 1.58 | 1.48 | 1.46 | 1.52 | 1.55 | 1.64 | 1.60 | 1.78 | 1.76 | 1.78 | 1.64 | 1.70 | 1.63 | 1.78 | 1.71 | 1.77 | 1.75 | 1.68 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $515,575K ÷ $322,613K
= 1.60
The financial leverage ratio of John B Sanfilippo & Son Inc has shown some fluctuation over the past few quarters. This ratio measures the extent to which the company relies on debt to finance its operations and investments. A higher financial leverage ratio indicates higher financial risk due to increased debt levels.
Looking at the trend, the financial leverage ratio has ranged from 1.46 to 1.78 over the past eight quarters. The ratio peaked at 1.78 in the first quarter of 2022 and then declined to 1.48 in the fourth quarter of 2023 before increasing again to 1.60 in the most recent quarter.
Overall, the company's financial leverage ratio has been relatively stable around the 1.50 to 1.70 range, indicating that the company has a moderate level of debt in its capital structure compared to its equity. It is important for the company to carefully manage its debt levels to ensure financial stability and mitigate the risks associated with high leverage.
Peer comparison
Jun 30, 2024