J & J Snack Foods Corp (JJSF)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 27,000 | 55,000 | 0 | — |
| Total assets | US$ in thousands | 1,365,100 | 1,277,240 | 1,216,970 | 1,122,220 | 1,056,550 |
| Debt-to-assets ratio | 0.00 | 0.02 | 0.05 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,365,100K
= 0.00
The debt-to-assets ratio for J & J Snack Foods Corp has fluctuated over the years as follows:
1. September 30, 2024: The debt-to-assets ratio was 0.00, indicating the company had no debt relative to its total assets. This suggests a lower financial risk and a stronger ability to cover its obligations using its own resources.
2. September 30, 2023: The ratio increased to 0.02, implying a slight increase in debt compared to the previous year. Despite the uptick, the company still maintained a low debt level relative to its assets.
3. September 30, 2022: The ratio further increased to 0.05, indicating a notable rise in debt compared to the previous year. This could suggest a shift in the company's financing strategy or a significant investment in assets financed by debt.
4. September 30, 2021: The ratio dropped back to 0.00, returning to a debt-free position similar to the level in 2020. This could indicate a reduction in debt or an increase in assets without increasing debt levels.
5. September 30, 2020: The ratio was also 0.00, suggesting the company had no debt relative to its assets during this period.
Overall, J & J Snack Foods Corp has historically maintained a low debt-to-assets ratio, indicating a conservative approach to leverage and financial risk management. The fluctuations observed in recent years could reflect changes in the company's capital structure, investment decisions, or financial performance.