John B Sanfilippo & Son Inc (JBSS)

Solvency ratios

	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
Debt-to-assets ratio	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.06	0.07
Debt-to-capital ratio	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.04	0.05	0.06	0.06	0.06	0.07	0.07	0.08	0.08	0.09	0.10	0.10
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
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

The solvency ratios of John B Sanfilippo & Son Inc over the past few quarters indicate a stable financial position in terms of its ability to meet its long-term obligations. The debt-to-assets ratio has remained consistently low, ranging from 0.01 to 0.07, suggesting that the company has a low level of debt relative to its total assets.

Similarly, the debt-to-capital and debt-to-equity ratios have also been relatively stable, with values ranging from 0.02 to 0.10 and 0.02 to 0.11, respectively. These ratios indicate that the company has a small proportion of debt compared to its total capital or equity, signaling a conservative capital structure.

The financial leverage ratio, which measures the extent to which the company relies on debt financing, has also been relatively steady between 1.46 to 1.78. This indicates that the company has been maintaining a reasonable balance between debt and equity in its capital structure.

Overall, based on the solvency ratios, John B Sanfilippo & Son Inc appears to have a healthy financial position with a conservative debt level, which provides a strong foundation for the company's long-term financial stability.

Coverage ratios

	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
Interest coverage	32.36	37.32	42.91	52.01	40.53	37.12	35.49	35.69	43.53	47.08	57.14	65.95	56.39	49.33	41.39	38.49	37.26	35.67	30.81	23.80

The interest coverage ratio for John B Sanfilippo & Son Inc has shown a generally positive trend over the past few quarters. The ratio has consistently been above 1, indicating that the company's operating income is sufficient to cover its interest payments.

There has been an upward trend in the interest coverage ratio from September 2019 to June 2024, reaching a peak of 65.95 in March 2022. This indicates that the company's ability to meet its interest obligations has strengthened over time.

The high interest coverage ratios observed in recent quarters suggest that John B Sanfilippo & Son Inc has a healthy level of earnings relative to its interest expenses. This can provide a sense of financial stability and capacity to meet its debt obligations.

Overall, the trend in the interest coverage ratio for John B Sanfilippo & Son Inc reflects a positive financial performance and demonstrates the company's ability to comfortably cover its interest expenses with its operating income.