Kraft Heinz Co (KHC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 90,339,000 | 90,513,000 | 93,394,000 | 99,830,000 | 101,450,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $90,339,000K
= 0.00
The debt-to-assets ratio for Kraft Heinz Co has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 means that the company's total debt is negligible or non-existent in relation to its total assets. This could suggest a conservative financial strategy, where the company has primarily relied on equity financing or internal funds to support its operations and investments. It also implies a lower financial risk as the absence of debt indicates lower interest payments and a reduced likelihood of default. However, it is important to note that while a low debt-to-assets ratio may signify financial stability, it can also indicate underutilization of debt to potentially leverage growth opportunities or enhance returns for shareholders.
Peer comparison
Dec 31, 2023