J & J Snack Foods Corp (JJSF)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.43 | 1.47 | 1.46 | 1.42 | 1.40 | 1.47 | 1.43 | 1.43 | 1.41 | 1.51 | 1.32 | 1.31 | 1.33 | 1.32 | 1.31 | 1.30 | 1.31 | 1.30 | 1.29 | 1.30 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,365,100K ÷ $956,970K
= 1.43
The financial leverage ratio of J & J Snack Foods Corp has shown some variability over the past few years, ranging from 1.29 to 1.51. Generally, a financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing to fund its operations and investments.
Looking at the trend over the periods provided, we observe that the financial leverage ratio has fluctuated between 1.29 and 1.51, with some fluctuations between periods. The highest ratio of 1.51 was recorded in the second quarter of 2022, suggesting a higher level of debt relative to equity at that time.
Conversely, the lowest ratio of 1.29 was seen in the first and fourth quarters of 2020 and the third quarter of 2019, indicating a lower reliance on debt financing during these periods.
Overall, the company has maintained a relatively stable financial leverage ratio, hovering around the range of 1.30 to 1.47 in recent quarters. This consistency suggests a balanced mix of debt and equity financing in the company's capital structure, indicating a prudent approach to managing its financial obligations and risk profile.