J & J Snack Foods Corp (JJSF)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 956,970 | 911,518 | 863,169 | 845,654 | 809,498 |
| Debt-to-capital ratio | 0.00 | 0.03 | 0.06 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $956,970K)
= 0.00
The debt-to-capital ratio for J & J Snack Foods Corp has shown fluctuations over the past five years. In 2024, the company reported a debt-to-capital ratio of 0.00, indicating that it had no debt relative to its total capital. This could suggest a strong financial position with a lower reliance on debt financing.
In 2023, the debt-to-capital ratio slightly increased to 0.03, which may indicate a small level of debt compared to total capital. The ratio further rose to 0.06 in 2022, suggesting a higher proportion of debt in the capital structure, but still relatively low overall.
Notably, in 2021 and 2020, the company reported debt-to-capital ratios of 0.00, implying no debt in its capital structure.
Overall, the trend in the debt-to-capital ratio for J & J Snack Foods Corp indicates a generally conservative approach to leverage, with periods of no debt and limited debt use. However, monitoring this ratio over time can provide valuable insights into the company's capital structure stability and financial risk management.