J & J Snack Foods Corp (JJSF)
Debt-to-equity 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-equity ratio | 0.00 | 0.01 | 0.02 | 0.01 | 0.03 | 0.09 | 0.11 | 0.11 | 0.06 | 0.15 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $956,970K
= 0.00
The debt-to-equity ratio of J & J Snack Foods Corp has shown fluctuation over the past few quarters. As of September 30, 2024, the company had a debt-to-equity ratio of 0.00, indicating that there was no debt recorded in relation to equity. This is a significant decrease compared to the previous quarter when the ratio stood at 0.01.
Looking further back, there was a minor increase in the ratio from March 31, 2024, to June 30, 2024, where it went from 0.02 to 0.03, suggesting a slight rise in debt relative to equity. The highest debt-to-equity ratio observed during this period was on March 31, 2023, at 0.11, followed by September 30, 2022, at 0.15.
On the other hand, many quarters have reported a 0.00 debt-to-equity ratio, indicating a debt-free status or very minimal debt obligations compared to equity. It is essential to note that a lower debt-to-equity ratio is generally considered favorable as it indicates lower financial risk and reliance on debt financing.
Overall, the trend in J & J Snack Foods Corp's debt-to-equity ratio appears to be fluctuating, with instances of both minimal debt and slightly higher debt levels. This variability could be attributed to the company's strategic decisions regarding capital structure and financing options.