Kraft Heinz Co (KHC)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 90,339,000 | 89,656,000 | 90,956,000 | 90,943,000 | 90,513,000 | 89,992,000 | 91,676,000 | 93,864,000 | 93,394,000 | 94,897,000 | 97,038,000 | 98,664,000 | 99,830,000 | 98,122,000 | 98,306,000 | 104,073,000 | 101,450,000 | 102,822,000 | 103,201,000 | 103,562,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 recorded as 0.00 for the periods shown in the table from December 2019 to December 2023. This indicates that the company has not reported any debt on its balance sheet during these periods relative to its total assets. A debt-to-assets ratio of 0.00 typically suggests that the company relies more on equity financing rather than debt to finance its operations and investments, leading to a lower financial risk profile. It is important to note that a debt-to-assets ratio of 0.00 may also indicate that the company has paid off all its debt or has not taken on any debt during the periods in question. Further analysis of the company's financial statements and notes to the accounts would be necessary to fully understand its capital structure and financial risk management strategies.
Peer comparison
Dec 31, 2023