J & J Snack Foods Corp (JJSF)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.06 | 0.08 | 0.07 | 0.05 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| 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 |
| 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 |
J & J Snack Foods Corp's solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has been consistently low, averaging around 0.03 over the past five years, suggesting that the company finances its assets primarily through equity rather than debt.
The debt-to-capital and debt-to-equity ratios have also remained relatively stable and low, with averages around 0.08 and 0.08, respectively. This indicates that the company has a conservative capital structure with a lower reliance on debt financing compared to equity.
The financial leverage ratio has shown some fluctuations but has generally been around 1.40, indicating that the company's assets are primarily financed through equity rather than debt.
Overall, based on the solvency ratios, J & J Snack Foods Corp appears to have a strong financial position with a prudent approach to managing its debt levels and maintaining a healthy balance between debt and equity financing.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 65.61 | 79.06 | 51.54 | 34.42 | 29.57 | 24.15 | 26.11 | 53.25 | 4,753.77 | 818.24 | 980.27 | 919.19 | 698.22 | 150.24 | -23.00 | -11.88 | 50.13 | 547.23 | 50.24 | 56.51 |
Interest coverage ratio measures a company's ability to pay interest on its outstanding debt using its operating income. A higher interest coverage ratio indicates a better ability to meet interest obligations.
Analyzing J & J Snack Foods Corp's interest coverage ratio over the recent quarters, we observe significant fluctuations. In the most recent quarter, September 30, 2024, the interest coverage ratio was 65.61, which indicates a strong ability to cover interest payments. This ratio has generally been at healthy levels over the past few quarters, peaking at 79.06 in June 30, 2024.
However, there were anomalies in the data. Specifically, in December 2022 and September 2022, the interest coverage ratios were abnormally high. This could be due to unusual operating income or one-time events that impacted the ratio.
Conversely, there were quarters with concerning figures such as negative interest coverage ratios, notably in March 2021 and December 2020. A negative interest coverage ratio implies that the company's operating income was not sufficient to cover interest expenses, which could raise solvency concerns.
Overall, while J & J Snack Foods Corp has shown varying interest coverage ratios over the period analyzed, investors should delve deeper into the company's financial performance and business operations to understand the reasons behind these fluctuations.