J & J Snack Foods Corp (JJSF)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 956,970 | 937,916 | 915,652 | 912,461 | 911,518 | 886,167 | 858,287 | 859,736 | 863,169 | 855,899 | 849,981 | 845,998 | 845,654 | 835,030 | 813,000 | 808,289 | 809,498 | 810,600 | 833,068 | 842,520 |
| Debt-to-capital ratio | 0.00 | 0.01 | 0.02 | 0.01 | 0.03 | 0.09 | 0.10 | 0.10 | 0.06 | 0.13 | 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-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 exhibited some fluctuation over the past years. The ratio has generally been low, indicating a conservative approach to leverage. In the latest reporting period as of September 30, 2024, the ratio stands at 0.00, suggesting that the company has minimal debt relative to its capital structure.
The trend in the debt-to-capital ratio shows a slight increase from the low levels seen in the first half of 2024, although it remains significantly lower than the peaks observed in 2023. This could indicate a decrease in reliance on debt financing and a potential strengthening of the company's capital base.
Overall, the consistent low levels of the debt-to-capital ratio for J & J Snack Foods Corp demonstrate a prudent financial strategy with limited debt exposure, which may contribute to the company's financial stability and long-term sustainability.