J & J Snack Foods Corp (JJSF)
Debt-to-assets ratio
| Sep 30, 2024 | 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 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 12,000 | 17,000 | 7,000 | 27,000 | 83,000 | 92,000 | 92,000 | 55,000 | 125,000 | — | — | 0 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,365,100 | 1,380,680 | 1,335,610 | 1,292,560 | 1,277,240 | 1,304,100 | 1,224,960 | 1,227,550 | 1,216,970 | 1,291,240 | 1,123,330 | 1,111,910 | 1,122,220 | 1,101,550 | 1,064,920 | 1,051,840 | 1,056,550 | 1,057,290 | 1,077,940 | 1,096,110 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.06 | 0.08 | 0.07 | 0.05 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of J & J Snack Foods Corp has shown fluctuations over the periods analyzed. As of September 30, 2024, the company had a debt-to-assets ratio of 0.00, indicating that it had no debt relative to its total assets at that time. This is a positive sign, as a lower ratio suggests lower financial risk and greater financial stability.
Looking at the trend over the previous quarters, we observe that the debt-to-assets ratio has generally been low, with occasional spikes. The ratio has ranged from 0.00 to 0.10 over the past few quarters, with the highest ratio recorded in June 30, 2022.
The consistent low debt-to-assets ratio signifies that J & J Snack Foods Corp has been effectively managing its debt levels in relation to its assets and has a strong financial position with a lower reliance on borrowing to finance its operations.
Overall, the decreasing trend in the debt-to-assets ratio indicates that the company has been successful in maintaining a healthy balance between debt and assets, which is crucial for long-term financial sustainability and growth.