J & J Snack Foods Corp (JJSF)
Debt-to-equity 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-equity ratio | 0.00 | 0.03 | 0.06 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $956,970K
= 0.00
J & J Snack Foods Corp's debt-to-equity ratio has displayed an overall trend of minimal to no debt relative to equity in recent years.
In 2024, the company reported a debt-to-equity ratio of 0.00, indicating that there was no debt, and the company relied solely on equity to finance its operations. This suggests a strong financial position with low financial risk.
Looking back at the previous years, we see a slight increase in the debt-to-equity ratio from 0.00 in 2021 to 0.06 in 2022, before decreasing again to 0.03 in 2023. Despite these fluctuations, the ratios remain relatively low, indicating a conservative approach to debt utilization.
Overall, the consistent low to zero debt levels in relation to equity reflect a financially stable and conservative capital structure for J & J Snack Foods Corp, which may provide flexibility and resilience in uncertain market conditions.